Morgan Stanley Investment Management’s Andrew Harmstone advises investors to keep their portoflio risk level low and maintain a defensive position while looking for opportunities to add value in an environment of “extremely high” volatility.
- The fear of missing out has played a role in recent market movements but that’s “not a good sign,” according to Andrew Harmstone, head of global balanced risk control strategy at Morgan Stanley Investment Management.
- Harmstone said investors should keep their portfolio risk level low and maintain a defensive position while looking for opportunities to add value in an environment of “extremely high” volatility.
One of the world’s leading authorities on Asia is worried Wall Street is miscalculating China’s efforts to reopen its economy.
The world economy could face a unique “inflationary depression” as it emerges from lockdowns, with government spending propping up demand even as unemployment soars, according to economic historian Robert Skidelsky.
The economic free fall from Covid-19 is taking its toll on what had been strong housing demand just a few months ago.
The group of 19 nations using the euro as their currency will see a record decline of 7.75% this year, and grow by 6.25% in 2021, the European Commission said in its Spring economic forecast.
The delta in 2-yr yield truly reflects the state of the economy.
An unprecedented dysfunctional macro environment impelling the Fed to suppress rates due to extreme debt levels.
Stocks near record valuations are absurdly disconnected from reality. pic.twitter.com/VYbckFLQFp
— Otavio (Tavi) Costa (@TaviCosta) May 7, 2020