Macro News
Global: To the exception of global equities, it is clear now that most of the asset classes are pricing in a significant slowdown in the economic activity in the next few quarters to come. We saw last week the strong outflows in global equities, which totaled almost $140bn since December, while global bond funds have kept receiving inflows since the beginning of the year, up $261bn according to Deutsche Bank. Institutional investors’ sentiment is getting extremely bearish on the future of the economy and fear over a global 2020 recession is rising.
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