Multi Asset Boutique

Vescore Global Market Outlook December 2019

Outlook
  • Stable risk appetite despite interference on the political front
  • Ongoing decline in equity overweighting
  • Global bond allocation reinforces negative position
  • Natural gas and nickel weakest commodities
  • Swiss equities: Attraction of value stocks stabilizing

Capital markets are still being driven by the hope of reaching an agreement in trade talks. Currently our models are further reducing the equity allocation and increasing the negative positioning for bonds. More detailed information is available in the latest GMO issue.

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