Catalysts needed to sustain risk on rally

AXA
By March 13, 2019 01:00

Catalysts needed to sustain risk on rally

Research & Strategy Insights

  • Equities markets have enjoyed a stellar start to the year with the global benchmark up 9% and cyclical plays outperforming.
  • The risk-on rally contrasts with the slowing macro momentum and earnings outlook. We see an unappealing risk/reward trade off in the short term.
  • We have moved to neutral on global equities, cutting US exposure to underweight after the strong start of the year.

AXA
By March 13, 2019 01:00

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