World Bear Market Would Likely Start in Euro Zone, Gavekal Says
- Euro destroying southern European economies: Charles Gave
- Recommends investors focus on high-quality Asian bonds
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Investors on the watch for a bear market in global equities should keep their eyes on Europe, according to Gavekal Research.
“This animal is the sneaky sort and victims rarely see it coming,” said Charles Gave, founder of the Hong-Kong based asset-allocation consultancy, in a note to clients Wednesday. “If a bear market is to unfold, this will probably start outside of the U.S.”