Surveillance: Powell Crushes Pivot Hopes, BOE Hikes
Bloomberg Surveillance
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Is It Hard to Be Bullish on Bonds?
The issue for equities, I think, really is down to a hard landing or soft landing. If there's a hard landing, you definitely cannot be bullish on equities. And we would suggest at least another sort of 10, maybe even 20% downside in price on a sort of hard landing. The other problem you've got is even with a sort of softish landing, the route to a softish landing - anyway through margin compression.
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