“One lesson is that we should get used to periods of higher volatility. At very low levels of interest rates, asset prices tend to show higher volatility …”
-Mario Draghi, President, European Central Bank
Opportunities in the Midst of Varying Policies
- Global central bank policies continue to surprise with explicit expansion of monetary policies in China, Japan and Europe.
- Meanwhile, the Federal Reserve continues towards tightening, but lowers expectations.
- Near-term, we see opportunities to capitalize on positive market sentiment.
- We are cautious medium-term as fundamentals remain challenged.
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