Chief Investment Officer Chris Godding and Senior Research Analyst Louie French give their commentary on what happened in the markets and global economies over the month of May 2018.
Global investors had plenty to focus on in May, with a minor sell-off in Emerging Market assets, ongoing China/US trade quarrels, heightened tensions in the Middle East and political dramas in both Italy and Spain. Collectively these events drove a flight to safety by investors in May, particularly in currency and fixed income markets, where German bunds, UK gilts, the Japanese yen, the US dollar and Treasuries were notably strong.
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