Risk is returning

  • We see risks to stocks increasing, it’s time to get more cautious.
  • The Ukrainian situation seems to escalate with the eurozone economy already in big trouble, but consumption growth in the US came to a halt and QE will follow, stock buybacks.
  • After the big rallies in stocks and bonds, time to bet against the euro and on a spike in the VIX, whilst being more cautious overall.

Risk Is Returning, Time To Sit On The Fence | Seeking Alpha