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S&P As A Global Equities Safe-Haven Theme Is Now Cracking: Nomura’s McElligott
Global risk sentiment has taken a dramatic turn for the worst on Tuesday, starting in Asia where investors have seemingly given a thumbs down to China's efforts to rescue flagging domestic equities with rhetoric.
The macro narrative since the end of August has revolved around the real-time appraisal and re-appraisal of whether we are "growing faster than we are tightening" or "tightening faster than we are growing", to quote Nomura's Charlie McElligott, whose near-real-time daily missives are q
Well at least now investors have made up their minds. They correctly fear a global slowdown starting from Asia/China, spreading to Europe. And the whole story of a correction due to rising inflation and yields looks laughable now.
kindergartener here wishing you had a glossery of terms/acronyms. yes google works eventually but adds tons of time.