Axioma Insight™ Quarterly Risk Review
Equity markets around the world had a strong run in the second quarter, with major indices hitting fresh records and contributing to the global rally in the first-half. Against a backdrop of geopolitical tensions, the tumult at the White House, the elections in the UK, the Netherlands and France, the downgrading of China’s debt, central banks signaling the liquidity spigot could be turned off, etc., stock markets kept eerily calm. Risk forecasts for major benchmarks sunk to at least 10-year lows. This report delves into the sources of risk worldwide, both those that contributed to the continued risk downturn and those that bucked the trend.
Author: Melissa R. Brown, CFA