November 29, 2019

Goldilocks ‘light’

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

Receding political risks, tender economic greenshoots and accommodative central banks haveunderpinned risk assets, benefitting our pro-riskstance.
Goldilocks ‘light’
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • Receding political risks, tender economic greenshoots and accommodative central banks haveunderpinned risk assets, benefitting our pro-riskstance.
  • Markets are already discounting a lot of good news, warranting a somewhat more cautious tactical allocation stance into year-end.
  • That said, a Goldilocks ‘light’ environment is still boding well for risk sentiment. Low inflation, bottoming but subpar growth and sustained monetary policy support will keep a lid on core yields while still underpinning risk assets.
  • We maintain overweight in Credit and Equities vs. Core Govies and Cash, but reduce the size of active positions.

Download the full publication below

GOLDILOCKS ‘LIGHT’

Also interesting

Traffic-highway-Business-district-Jakarta-Emerging
00:11:38
April 19, 2021
Fixed Income

The Spotlight ǀ Equity-like returns with bond-like volatility investing in 75+ emerging economies

China-flag-with-indicators-and-chart
April 16, 2021
Market Commentary

China’s Q1 GDP growth: Strong year-on-year growth amid weak momentum

size 3
April 15, 2021
Market Commentary

COVID-19 UPDATE Facts & Figures