Field guide to economic birding: Hawks, doves, and tweets


Stefan Loewenthal

  • Associate Director, Chief Investment Officer — Global Multi Asset Team
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Jürgen Wurzer

  • Deputy Head of Portfolio Management, Senior Investment Manager — Global Multi Asset Team
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With a hawkish Federal Reserve, cooling global economies, and a rise in trade protectionism after four decades of globalization, financial markets felt the brunt of volatility in 2018 before the first quarter of 2019 saw the Fed change course. But it was only a short period of calm before a US presidential tweet storm regarding trade and China reignited trade concerns and questioned the Fed’s future path. In their quarterly macro economic outlook, “Field guide to economic birding: Hawks, doves, and tweets,” the Global Multi-Asset team explores this environment and what it means for investors.

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Investing involves risk, including the possible loss of principal.

The views expressed represent the Manager's assessment of the market environment as of July 2019, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice and may not reflect the Manager's views.

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