QMA Q2 Outlook: Slower Global Growth but Recession Unlikely

The past two quarters have seen a dramatic mood swing in risky assets. Slowing global growth, Fed hawkishness, continued trade tension between the US and China and a US government shutdown led to sharp market declines in Q4.

Markets then rebounded sharply in Q1 coincident with an abrupt dovish pivot by the Fed and progress on US/China trade relations. While investors’ sentiment has clearly turned, concerns about global growth remain a risk.


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