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.
Head of Macroeconomic Research
Summary: I will be on the road again next week, traveling to Cyprus, Zurich and Geneva. This is my latest macro presentation for Q4 2019-2020, with a focus on EMs, USD liquidity, credit push and Switzerland.