North America

Markets continue to climb the proverbial wall of worry and the S&P 500 index was back into record-setting mode in April.

Headwinds expected into Q2

Political risks front and centre of economist's speech

Rethink of asset allocation decisions needed

Having spoken to numerous market participants, we discern a number of areas of current concern.

Market correction becoming more inevitable

Launched in April

Financial markets became scared at the end of last year that the US Federal Reserve's monetary tightening could precipitate the country's economy into recession.

Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.

US stocks had a turbulent last quarter in 2018 and have been somewhat volatile since the start of this year.