April 2016 Flash Report

Real economic growth fell below expectations as less-than-stellar corporate earnings in the US raised concerns in the markets. Offsetting these facts were increasing oil prices and Janet Yellen’s recent acknowledgement that there are “asymmetries in the effectiveness of monetary policy.” Markets are keenly aware now that the global central banks are increasingly in synch and disposed to accommodative policies that support global dollar liquidity. As a result, investor fears of recession have abated with predictable positive results for risk asset returns.

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