Strategy & economics
Kieron Launder: 2019 first quarter update
Central banks reverse normalization policy
Fixed income markets have rallied strongly after the Fed and ECB stepped back from raising interest rates. Trillions of dollars worth of debt once again trade with negative yields.
Politics and populism
Populism will continue to challenge policymakers and, potentially, markets. Meanwhile, China continues to grapple with its newfound status as a leading global power.
The stock market has seen four swings greater than 10% since the beginning of 2018; in the previous two years, there was just one move of this magnitude. We see this as a return to more normal levels of equity market volatility.
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