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1.Market Observations, 8.Was Sticky

2 Oct 2019 (AFR) – Absolute Strategy’s case for global recession

(2 October 2019, AFR, p30, Jonathan Shapiro, Senior Reporter)

‘A top global market strategist says leading indicators are pointing to a United States recession and investors should consider switching from stocks to bonds. Ian Harnett of London-based Absolute Strategy Research, which has about 200 clients with close to $8 trillion of assets under management, has formed a base case forecast of a global recession because a number of market and economic data warnings have been triggered. These include truck sales, jobless claim trends, manufacturing data and lending standards, in addition to a flat yield curve. In total, 15 out of 22 recessionary measures on ASR’s dashboard have been triggered or nearly triggered.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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