Although equity strategists everywhere have been offering assurances that the declines are an overreaction, investors are taking no chances. “The market has been brutal,” says Jean-François Tine, co-head of equity capital markets at Ixis Corporate and Investment Bank. “It’s given up six months of gains in two-and-a-half weeks, on the back, of so far, nothing more than sentiment that we’re going to have a rise in inflation and that growth is going to slow.”
The list of casualties is growing daily.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
