June 5, 2019
June 2019 – How much damage has been done?
The S&P 500 index reached a new all-time high on 30th of April and markets seemed calm then. However, things change over the first weeks of May as the US President re-started the trade war and the rhetoric led to renewed market volatility. For markets, the consequences have been that equities decline every single week of May, credit spreads widen, and government bonds rallied, with yields continuing their trend through all of May and into June leading to the first risk-correction of the year. The investment implications are less certain and depending on the preference for risk.
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