"UBS has been hit by wealth management outflows, negative rates and poor performance in its investment banking division. This obviously sends a warning to investors if they thought overweight European banks was a good idea."
"I’m not an expert in the pandemics, but you can look at previous examples like the SARS outbreak which also originated from Asia. I think the market might be fearing something similar."
With more emphasis being placed on environmental risks, how much do we need to worry? According to the Davos elites at the World Economic Forum, more than we can imagine...
"To see distance to default at recessionary levels, despite high equity prices and subdued equity volatility, leaves little room for either a rise in volatility or a fall in equity prices as investors found out in Q4 2018"
"Some market participants argue that as long as central banks are printing money equities can keep rising; to be fair, more often than not this has proved to be the right call."
EU biofuels demand prospects and a window of opportunity for Australian crude oil grades. US and European gas market dynamics and Brazilian corn prices are also in the sights...
If emotions gain traction over wealth inequality... signs of building backlash could go a long way to reduce future multiples that are currently pricing in nothing but perfection making them particularly vulnerable...
The culprit this time is not China, but India, whose GDP forecast collapsed by a whopping 1.2% to 5.8%, handing the title of the world's fastest growing economy back to China.
With the US on holiday, volumes around the globe are abysmal and sentiment has seen a modest drift even if the the general market tone has remained upbeat after the signing last week of the US/China Phase 1 trade deal.
