|
|
While there were little fundamental news flow with Chinese markets closed for the New lunar year and Fed Chair Janet Yellen to deliver her semi-annual testimony later this week, risk assets continued to sell-off sharply. Again, technical damages signal that global markets should not immediately renew with the previous bull trend. Our cautious approach, reflected in a further reduction in equities leading to a slightly underweight exposure on equities vs. our benchmark weights, illustrates our current view on global markets.
|