By Mike Pyle
Mike shares his thoughts on how to make sense of the recent market turbulence - and what it means for investing.
Global markets went on a wild ride last week amid deepening risk-off mood. Perceived safe-haven assets such as gold and government bonds rallied at the expense of risk assets, including stocks. The inversion of part of the U.S. Treasury yield curve sparked recession fears. We still see limited near-term recession risks as central banks' dovish pivot helps stretch the economic cycle, yet caution that trade and geopolitical tensions pose downside risks.