June 8, 2020

Market Compass June 2020

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

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.
Market Compass June 2020
Share on facebook
Share on twitter
Share on linkedin
Share on email

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.
Market Compass June 2020

Also interesting

size 3
February 26, 2021
Market Commentary

COVID-19 FACTS & FIGURES

financial-stock-market-investment-trading-graph-candle-stick-graph
February 18, 2021
Latest News

Plenisfer ǀ Investing in the age of financial repression

iStock-125143094
February 18, 2021
White Paper

Green & Sustainable bonds: a label is not enough