Max Holmes is an investor, entrepreneur, attorney and Adjunct Professor of Finance @NYUStern. Retweets don't indicate endorsement. #assetmanagement#investing
How should one think about the role of sovereign debt, in particular U.S. securities, from a macro and asset allocation perspective? #HenryMcVey and the GMAA team answer that and more in the follow-up report to their #2019Outlook https://t.co/V9Ar2dfHA4
Given the driver of the stock market sell off—slowing economic momentum which is divergent with US growth outpacing others— the overnight selloff in #stocks was more pronounced in #Asia. It was particularly sharp in #China (chart) which also released weak #trade data. #economy
On #Eurozone growth, the @ECB reduced its growth forecast for 2019 from 1.7% to 1.1%.
This is a significant revision and, I fear, one that may still be subject to downside (here's why from a Dec @ProSyn column https://t.co/bC8SMX15yL ).
Also raises worries about "stall speed".
Reuters on another round of cuts by the OECD in its global economic growth projections, including particularly sharp revisions for Europe.
https://t.co/RRJiiWOUZG
#economy#markets#oecd#europe#growth@reuters