Markets should shift their outlook from ‘hope’ to ‘fear’ [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
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Source: Toronto Globe and Mail
Markets should shift their outlook from ‘hope’ to ‘fear’ Briefing highlights How long can hope outlast fear? — JPMorgan Chase Investors should be changing their outlook from hope to fear as the second quarter kicks off, JPMorgan Chase strategists advise. Their comments come in an uncertain global economic climate and amid concerns over what the recent inversion of the U.S. yield curve could mean, among other things. They also come in a week when we'll get more indications of where things stand. Story continues below advertisement The “dominant global macro narrative” in the first three months of the year was one of investors pricing in a rebound in global economic growth, global foreign exchange strategist Daniel Hui and his colleagues at JPMorgan, Paul Meggyesi and Patrick Locke, said in their look at currency markets. That was driven by the outlook for central bank policy, the easing of trade tensions in the U.S., and Chinese authorities moving to juice their economy. That s
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