A further decline in global growth would drive the probability of a recession even higher despite widespread equity market "complacency", CIO of Fulcrum Asset Management Suhail Shaikh has warned.
Shaikh said slowing growth, amid improved fortunes for global equity markets on the back of an increasingly dovish US Federal Reserve, has led Fulcrum's investment team to increasingly "assess the probability of recession compared to complacency priced into markets" in order to identify "very attractive" downside bets. Fulcrum AM unveils first liquid alternatives fund for new hire Equity markets have almost recovered from record-breaking falls during 'Red October' 2018 as a cocktail of risks - including concerns over the Fed's tightening cycle - saw the S&P 500 down 6.9% for the month...
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