Turning points are always messy and if that is what we are experiencing last weeks data was typically noisy.

Last week markets continued in general to be on the back foot, particularly China, while global cyclicals remained strong.

In an in-depth exploration of global economic trends, we move past the mainstream consensus to unearth distinct and divergent viewpoints, with a keen focus on recent economic indicators from powerhouses like the US and China. As the Portfolio Strategies Conference looms on the horizon, our objective remains to decipher and anticipate these fluctuations and shifts. We're positioned at the cusp of an era characterized by not only unparalleled market volatility but also rapidly evolving economic paradigms. This assessment seeks to provide a comprehensive understanding of these changes and their potential implications for investors and strategists alike.