Macro Dragon Special S1E1 - Initial Thoughts...
This is the first of a series of Macro Dragon Specials that will come through over the year - in this first series we will attempt to capture KVPs current thoughts on global macro and cross-assets over 2020, current outlook and assumptions, current strategic positioning views, risks, hedges and contingency plans... as well as what seems to be consensus vs what the market does not seem to be focusing on. Note these are very different from the daily Macro Dragon cross-asset views
Climate and inflation two new priorities for markets
For the first time since WWII we sense a shift in which climate and the environment - not growth - will become the priority of governments and their citizens.