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Twin peaks… and a bumpy ride

Twin peaks… and a bumpy ride

Research & Investment Strategy

  • 2018 looks likely to be the best year for global synchronized growth since 2011. Inflation should return and supportive monetary policy progressively withdraw. Is this all too good to be true?
  • „„Risk appetite is still high but so are valuations. Now is the time to get more active and selective – our focus is on Europe, both on the credit and equity side, as well as on non-core bonds
  • But amidst the positive environment, there is no shortage of risks – among others, inflation for example could come through sharper-thanexpected, driving a sharp repricing of interest rates and with it a market correction

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