ITAÚ: The Big Fear

Nine months into the year and 2015 has already been a wild ride. As foreshadowed in the 2015 Outlook piece, it‟s been a year of tough choices, and that remains the case as the fourth quarter looms (see “2015 Outlook – Tough Choices Ahead,” published on December 2, 2014). Today the choice is whether or not to believe in the Big Fear, which suggests that investors are losing faith in policymakers‟ ability to influence the world‟s two largest economies: China and the US. And we all know what we do when we lose faith.

Read more