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Investment Event

Global markets tumble, what next?
06 August 2024
    Articles
    Download the full reportPDF, 1.47MB

    Key takeaways

    • Global markets have experienced a turbulent few trading sessions as concerns over the US mega-cap tech sectors have extended to the general health of the US economy
    • With activity data in the three main blocs of global economy surprising to the downside, recession risks are now clearly higher than widely appreciated only a few weeks ago
    • The soft landing is not yet guaranteed – especially if this latest labour market data are right
    • This has been an important part of the rationale for a defensive portfolio positioning, as described in our “Playing the Yield” mid-year investment outlook

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