Tail Risk Report

Also Interesting

• Our latest Global Outlook is being released at a challenging time for investors. Global growth has been weaker than anticipated so far this year, especially outside of the US. The Federal Reserve (Fed) is continuing to withdraw policy support amid solid domestic growth, limited spare capacity and looser fiscal policy. Oil prices have increased and are squeezing consumers’ real incomes. And long-feared geopolitical risks – such as a ratcheting up in trade policy tensions and the formation of a Eurosceptic government in Italy – have rapidly crystallised. Against this more dangerous and uncertain backdrop, risk assets have struggled to keep their head above water
• Valuation Metrics in Emerging Debt
• The Inflection Point

An outlook on asset classes based on potential tail gains and losses 

 Myriad forces at play in markets and the global economy have left investors scratching their heads and searching for some signs of clarity. Conflicting economic readings about the strength of the U.S. economy appear to be pulling investors in opposite directions: on one hand, slowing manufacturing activity points to a slowing economy; on the other hand, a robust job market points to continued strength in the U.S. economy.