Bloomberg/Vildana Hajiric and Michael P. Regan/4-8-2023
“The risk-reward in equities is very, very tough at the moment because they’re effectively implying that the Fed does manage to navigate this and land things perfectly. They’ve got an incredibly difficult job on their hands. I definitely wouldn’t want to be in their shoes right now because you’ve got very material risks on both sides, and indeed you’ve now got financial stability coming up as a third risk that frankly I wasn’t thinking about six months previously. ” – Mark Jones, Man Group, Deputy CEO
USGOLD note: Jones provides a template for what other top notch analysts and fund managers might be thinking at this stage in the game.
