- Cross Investment Views - July 2020
Cross Investment Views - July 2020
Wednesday 01 July 2020
Covid-19 has triggered a sequence of economic and financial market narratives and is giving way to a new status quo characterised by extreme fiscal and monetary measures, to which markets have responded well, though some volatility has returned in the past few days. In effect, these policy measures are painting a new picture, that of a “day after” renaissance. Markets have already priced in their rosiest scenario: the end of the worst of the virus cycle, the possibility that a second wave will be weaker than the first, and a cure and vaccine arriving fast and becoming broadly available before a new pandemic pushes the economy into a fresh wave of lockdowns. Some recent data supported this view, such as the PMI bottoming out (still weak) and the US job market surprising on the upside (though it is trending down). Overall, the data isn’t pretty, but the
This month's topic - The Bumpy Road to a “Day After” Renaissance
Cross Asset Investment Strategy October 2019
Central banks have confirmed the shift to a much more accommodative stance.
Podcast: Weekly Market Updates
Amundi is delighted to launch its weekly market update podcast.
A summer of fear and greed
As we enter the summer, conflicting forces in major equity markets have led to a period of temporary equilibrium between fear(risk of a second wave, low bond yields, high gold prices) and greed (equities rallying as a result of economies reopening).