The global economy is moving into uncharted waters as the Fed starts to remove nearly ten years of extraordinary liquidity provision and the ECB starts tapering its bond purchases. The change in policy comes just as it appears the global industrial cycle may be peaking, increasing the risk of market corrections in our view. In this report we outline our macro and market views, look at key threats to the credit cycle, and summarise our asset allocation views.
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Global Outlook Q4 2017: Into Uncharted Waters from Vimeo