His point:
global economic data suggested strength, yet all recession - weary business leaders and investors could talk about was weakness and uncertainty.
The USD and JPY gained versus most currencies in a flight to perceived safe haven currencies driven by rising concerns about political risk (Brexit, Italian elections, Germany coalition talks) and an aggressive pace of Fed interest - rate hikes combined with signs of moderation
in global economic data, albeit from high levels.
The global economic data is pretty mixed.
We maintain our recommended allocations and our emphasis on quality, while carefully monitoring the markets,
global economic data, and unforeseen events.
Global economic data was positive overall despite growing geopolitical concerns around North Korea.
Global economic data was largely positive amid the volatility spike in the first part of the month.