Watch our asset allocation video with Daniel Morris, Chief Market Strategist, and Maya Bhandari, Global Head of Multi-Asset, as they discuss the market outlook and risk of a US recession. Will there be a hard landing, or stagflation? They note there is a real and tangible downside risk to US growth, but this is less obvious in emerging Asia or indeed Europe.
They tackle the latest developments by looking through the lens of some of the recent changes in allocations including a now more cautious view on European duration, a reduced overweight position in European investment-grade credit and the move to a neutral position in US equities.
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