As lockdowns begin to be eased around the world and infection rates slow, we mark-to-market our view against the roadmap we originally laid out back in March. Most developments fit in with our framework – revisions ratios and economic surprises are rising, for example. But central bank support has limited the risk of a credit blowout – and of course the equity market continues to defy gravity.
We have a 30 year track record of successful calls. Many of these calls combined economic, political and market analysis.READ MORE