Winter Is Coming
Wednesday, August 23rd, 2017 Categories: Correction, Geo-Political Risk, Market Timing
But it will be very mild to start with
We fully expect a correction in US and global equities at some stage during the Autumn, but unless two or more of our risk-scenarios crystallize at the same time, we don’t think it will be more than 10%. There is too much residual momentum, especially outside the USA, and even after a correction, realised volatility will be below its long-run average.