Decoding Financial Markets in 10 Charts

Posted on 10. Apr, 2018 by Jean Jacques Ohana in Weekly Focus

By Jean-Jacques Ohana, CFA and Dr. Christian Witt, 10th April 2018
In a context of monetary tightening, global market liquidity has considerably deteriorated. This is potentially troublesome after investor complacency has driven worldwide equities to elevated valuations. We accordingly adopt a defensive positioning.

1. Global market liquidity has considerably tightened after 18 months of abundancy.
Risk Aversion Indicator [...]