Sticking with pro-cyclical bias

Here's what we're thinking

October 5, 2016

Global markets have remained generally range-bound over the past couple of weeks following recent decisions by major central banks to leave supportive policy settings unchanged. In fact, we expect monetary policy to remain stable in the near-term with growth indicators suggesting economic activity momentum remains modest at around 2.5% this year. However, by year-end odds of a U.S. Fed rate hike should continue to climb, likely offering occasional volatility which should induce transient periods of market weakness across most asset classes.

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