Trump released his 2019 budget proposal calling for increased spending on addressing military, border security and the opioid crisis, while cuts focused on science, education and social welfare programmes.
South Africa’s president, Jacob Zuma, resigned under the pressure from the ruling African National Congress (ANC). In response, the Rand rose to a three-year high against the dollar.
US CPI rose 0.5% in January, higher than the projected 0.3%, as apparel costs saw one of the greatest jumps in almost three decades. This has increased further expectations for an interest-rate hike.
Billionaire investor, Ray Dalio, of the world’s biggest hedge fund, Bridgewater Associates, is reported to have built up $21.65 billion of short bets against European companies.
The UK will release its GDP QoQ on Thursday, February 22 with no change expected from the previous 0.5%.
Also on Thursday, February 22 Japan’s CPI Nationwide YoY will be released. This is expected to climb from 1.0% to 1.3%.
A score of -1.0 indicates an extremely poor economic outlook, which is accompanied by a high probability of negative returns in risky asset classes like equities. The Risk Barometer tilts our portfolios away from equities during such periods.
A score of 0 indicates a neutral economic outlook with almost equal probability of positive and negative returns in risky asset classes like equities. The Risk Barometer maintains a balance between equities and other asset classes during such periods.
A score of +1.0 indicates an extremely positive economic outlook, which is accompanied by a high probability of positive returns in risky asset classes like equities. The Risk Barometer tilts our portfolios towards equities during such periods.
*as at latest realignment 12/02/18
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.