May 6, 2019
May 2019 - Calm for now?
By most standards, April was a less eventful month than normal in financial markets, with few major blow ups, no directional changes in macroeconomic outlook, and most central banks confirming their overall intentions by making adjustments and fine-tuning to signals and policy. With no immediate issues to solve or fires to put out in European or US financial markets, things seemed calm as April turned into May and our strategies returned to all-time highs in the final days of April. However, it would be rashly optimistic to expect this calm to continue.
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