- Market Outlook
- 02/04/2019
Central banks increasingly signal a turn to more accomodative policies, which can keep growth alive.
On top of that, risk assets can benefit from the stabilization in macro data and inflows, as investors look for alternatives to record low bond yields.
However, this will not be a repeat of 2016, and the rally will be shorter, as profits’ growth this year will be more muted than three years ago.
We reduce our cash overweight to almost neutral, remain long on equities, credit and Emerging Markets’ assets.
