Why we are still bearish

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The Treasury-Fed ‘Accord’ And Why Are We Still (Very) Cautious?

 

We have taken a lot of risk off. We fear stock markets are headed lower. Global Liquidity is already falling and slated to fall much further. Investors still have high exposure to equities within portfolios, and these levels, even now, are out-of-line with skidding economic activity. On top, we figure that the US authorities are getting far tougher about high street inflation and more focussed on controlling the domestic and international supplies of the US dollar. The dollar ‘wrecking-ball’ is already swinging.

 

 

See our latest published research, Global View – The Treasury-Fed ‘Accord’ And Why Are We Still (Very) Cautious? - April 2022

 

 

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