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Risk Assets Ignore Ominous Signs On Global Economic Growth

Over the past 24 hours, risk sentiment has held firm, but much of the news over the period suggests traders should position themselves for another drawdown.

The US economy shrank for the first time in three years during the quarter - and that’s for a period before before the White House unveiled its so-called reciprocal tariffs, which will surely have a further damaging impact. 

Authored by Ven Ram via Bloomberg May 1st 2025