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IN TOUCH #313: Beware of the risks of a fragile goldilocks

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BNP Paribas Asset Management
 

Markets continue to price in a Goldilocks environment with equities making further gains. More stable, but generally moderate growth, contained inflation and dovish central banks underpin this environment.

But this remains a ‘fragile’ Goldilocks. Two plausible scenarios could cause disruption: a global economic slowdown – this would hurt equities, but support government bonds – and an overheating US economy, forcing the Federal Reserve to resume tightening and likely causing both bonds and equities to suffer.

In their latest outlook, our two analysts present their expectations for  the coming months.

Read the report

PEOPLE_Léo_Impérial_214x260
Maximilian MOLDASCHL
Senior Global Multi-Asset Strategist,
Multi-Asset team at MAQS
Guillermo FELICES, PhD
Head of Reasearch and Stratetgy,
Multi-Asset team at MAQS

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