Global risk sentiment got off to a nervous start this week as investors evaluate whether the recent sell-off marks the beginning of a bear market or just a temporary correction, explains the research team at Danske Bank.
Key Quotes
“Yesterday, the big US equity indices ended the day in the red amid a late session selling with most notably the S&P500 staying below the psychologically important 200-day moving average.”
“While it is still too early to call this a turning point – indeed we still pencil in choppy trading near term – our view remains that this is not the beginning of a persistent bear market, as among other things, underlying growth remains too strong.”
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