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Central banks and earnings could stall the customary post-summer strengthening of markets

Risky assets need a rebalance as recovery accelerates ‘Market has become less straightforward in its preferences’ with halt in rising bond yields and rotation from value to growth stocks The economic cycle is progressing unusually rapidly and over the coming period it will morph from the recovery phase into the mid-cycle phase. This is the view of Patrick Moonen, principal strategist at NN Investment Partners. He explains that this is not necessarily negative for risky assets but it warrants a more balanced approach – one that moves away from pure cyclical growth exposure towards stable...