Most “risky” assets have taken a knock in the past month. But this mainly seems to reflect an adjustment in valuations to higher “risk-free” rates, rather than growing concerns about tighter policy leading to an economic downturn. We think that further falls in most risky assets are on the cards as the US economy shows clearer signs of weakening later on this year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.