top of page
FT Unhedged on “Picking Risks: What to own while waiting for inflation to fall”
10th OCT. 2022
Robert Armstrong notes in his column that “banks, for example, look as cheap as anything in the market right now. But consider a rather chilling chart from Ian Harnett of ASR …"
“ … showing the relative performance of banks and Sifis (systemically important financial institutions) versus non-financial companies, plotted against global manufacturing surveys.
If a recession is coming (ASR thinks there is) banks are going to get whacked.”
Full FT column can be accessed HERE (subscription may be required).
Clients can read our latest concerns over Sifis in: ASR Equity Strategy: The Coming Crisis for Non-Bank Financials.
To request a copy as part of a free trial, kindly reply HERE.
bottom of page