SNAPSHOT2 min read
Caspar Rock: 2019 second quarter update
After a period of strong market performance, "few assets could be described as cheap". Looking ahead, US-China trade conflict remains a key risk
Authors
- The Federal Reserve’s supportive stance in the second quarter continued a trend established earlier this year
- Equities and (more recently) government bonds and gold performed strongly: there are now few assets that could be described as “cheap”
- We expect slowing but positive growth and low inflation through the second half of the year
- US-China trade tensions and higher-than-expected inflation are key risks
- We remain neutral on equities and underweight fixed interest. We are overweight alternatives and cash and recently increased our allocation to gold
Authors
Topics
US
Inflation
Monetary policy
China
Quarterly Report
Snapshot
Economic & Strategy Viewpoint
Video