Patrick Armstrong, joint managing partner and head of portfolio strategy and construction at Distinction Asset Management, assesses the impact of recent turmoil in Japan and the Middle East on global markets.
Investors’ attention in recent weeks has been on Japan and the Middle East and how events there will impact the global economy and markets. We expect industrial output in Japan will decline severely for the next two months as Japan deals with power shortages, damaged manufacturing facilities, and puts its emphasis on dealing with the human tragedy of the situation. We also expect that the ongoing situation in the Middle East will keep investors’ aversion to risk relatively high. With this as a backdrop and now that the bull market in equity markets has reached its second birthday w...
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