Quarter Begins as Investors Ask One Thing: Is Nowhere Safe?

  • First three months saw a slew of assets post negative returns
  • Bulls roiled by trade fears, tech tumult and wobbling growth
Marc Chandler, global head of currency strategy at Brown Brothers Harriman, says U.S. economy is late in the cycle.(Source: Bloomberg)
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The question facing investors as they enter the new quarter probably isn’t where to find the biggest gains. It’s more likely how to avoid the worst losses.

Both the American benchmark stock gauge and the Bloomberg Barclays U.S. aggregate bond index just posted a three-month loss for the first time since mid 2016. Emerging-market dollar debt slid, as did an index of commodities. Of major global assets, developing-nation stocks stood out as gaining -- but even they fell in both February and March.