The quarter ending March 2019 provided welcome respite for investors during a period of heightened and pervasive uncertainty. While the US Federal Reserve pressed the pause button on further rate hikes as market indicators turned negative, geopolitical events continued to influence investor sentiment. The rise in debt, both sovereign and corporate, has been building since the introduction of cheap liquidity within developed markets and is now at a point where it can no longer be assigned a low uncertainty score. There are few safe havens to be found within any major asset class currently as trade tensions, interest rate prospects, debt levels, currency volatility, political posturing and economic growth concerns continue to set the tone. DOWNLOAD PDF

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