Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Chief Investment Officer
Summary: As Chinese trade war rhetoric becomes more strident the odds of a detente being reached at next month's G20 summit have shrunk to just 50/50. The upshot may be policy moves in the US and infrastructure development programmes in China.