A ‘healthy’ correction is in the offing for shares, precious metals and the US dollar

Wednesday, 29 July 2020

There are numerous fundamental developments and political risk factors that make stocks and corporate bonds unattractive given the elevated valuations. This doesn’t mean risky assets are unattractive; as long as asset prices remain policy instruments to stimulate economic growth, central banks will do whatever they can to keep nominal asset prices under upward pressure. Yet, we expect a risk-off phase in the coming weeks to months, while from an asset allocation perspective the outlook for European assets has improved..

Like to read the full report?

Request your free trial to access this and all other ECR publications.

Request Free Trial

Your request has been sent

Maria Thorvardardottir

Your ECR contact

Maria Thorvardardottir