Written by Jim Welsh
Macro Tides Monthly Report 02 February 2020
Global Economy Stabilizing But Signs of a Rebound Are Weak
After concerns of a recession led global equity markets to decline into August, they have rallied significantly since posting a secondary low in October. The narrative of the rally was based on the belief that a recession was unlikely, expectations that the U.S. and China would somehow manage to hammer out a trade deal, and coordinated easing by central banks around the world.
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