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Stagflation Makes for Summer of Discontent With Nowhere to Hide

  • Markets expecting significant hit to growth across the board
  • Dollar keeps rising with Bloomberg index up about 7% this year
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MLIV Pulse: Will Europe Enter a Recession?

The growing risk of stagflation is leaving investors without many places to hide, with havens looking few and far between, according to Standard Chartered Plc.

Risks are building everywhere as central banks will raise rates to battle inflation “until something breaks,” according to Eric Robertsen, global head of research. Treasuries are getting sold, while Chinese sovereign bonds and commodities are flawed haven plays given their volatility, he wrote in a weekend note.