Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
John J. Hardy
Global Head of Macro Strategy
Head of Fixed Income Strategy
Summary: Both the Spanish general election and the S&P rating review of Italy caught investors on the wrong foot, as the socialist incumbents look set to retain power in Spain and Italian debt has avoided another downgrade.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity