Market Compass
JUNE 2020
Edited by the Macro & Market Research Team.
A team of 13 analysts based in Paris, Cologne, Trieste, Milan and Prague runs qualitative and quantitative analysis on macroeconomic and financial issues.
The team translates macro and quant views into investment ideas that feed into the investment process.
- Market Outlook
- 08/06/2020
Highlights
- Despite the deepest global post-war recession, risk assets have continued to gain.
- Flattening new cases in advanced economies and the continued policy support will help to keep sentiment strong.
- The further upside is limited though, with US equities back to autumn 2019 levels. Key risks are a second wave of infections and the fast deterioration in US/China relations.
- We stick to a pro-risk tilt concentrated in the higher quality buckets of risk assets. Keep a small long duration bias given the sluggish recovery, low inflation and continued central bank activism.
Related insights
Market Compass June 2020
Edited by the Macro & Market Research Team. The team of 13 analysts based in Paris, Cologne, Trieste, Milan and Prague runs qualitative and quantitative analysis on macroeconomic and financial issues.
The team translates macro and quant views into investment ideas that feed into the investment process.
The team translates macro and quant views into investment ideas that feed into the investment process.
Marktkompass April 2020
Herausgegeben vom Macro & Market Research Team. Ein Team von 13 Analysten mit Sitz in Paris, Köln, Triest, Mailand und Prag analysiert qualitativ und quantitativ makroökonomische und finanzielle Fragen.
Das Team überträgt makroökonomische und quantitative Ausblicke in Anlageideen, die in den Anlageprozess einfließen.
Das Team überträgt makroökonomische und quantitative Ausblicke in Anlageideen, die in den Anlageprozess einfließen.
Market Compass March 2019
Edited by the Macro & Market Research Team. The team of 13 analysts based in Paris, Cologne, Trieste, Milan and Prague runs qualitative and quantitative analysis on macroeconomic and financial issues.
The team translates macro and quant views into investment ideas that feed into the investment process.
The team translates macro and quant views into investment ideas that feed into the investment process.
