Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Global Head of Macro Strategy
Summary: Developments over the weekend point to no easy path forward for US-China trade talks, and risk appetite is suffering a fresh case of whiplash after an attempt to put on brave face ahead of the weekend. An expansion of CNY volatility in Monday’s session demands our full attention.