The data still tells us that the US economy is strong and that Europe is on a firming trend. Yet sentiment has collapsed. We hear talk of global recession and rising defaults. The bond market is seeing wider bid-offer spreads and poor liquidity.
Global stock markets were put to the test in August, recording their largest monthly dip in over three years amid rising concern over China, uncertainty over Fed’s upcoming interest rate action and the general lack of liquidity in the summer season