Don’t jump the gun

Nordea AM
By March 8, 2019 13:02

Don’t jump the gun

Global Asset Allocation Strategy March 2019 

  • The rebound this year has been almost as dramatic as the downturn in December. All of the December losses are regained, and sentiment has improved markedly.
  • The tug of war is still playing markets, although the tables have turned. As opposed to December, central banks are currently a positive driver behind this rally, and global growth and earnings momentum is the weak link.
  • We do not expect a recession this year, but we don’t see convincing signs of stabilization in key data either, which challenge further gains. We don’t want to jump the gun in either direction, and keep neutral. 

Nordea AM
By March 8, 2019 13:02

SEARCH