Global Growth Narrative Coming Up Short

The ongoing demise of the "synchronised global growth" narrative - which started showing up in macro-economic data disappointments world-wide over a month ago - is beginning to become evident in capital markets as Nomura's Charlie McElligott points out that risk-asset weakness (and fixed income strength) hints at a growth peak and investor narratives shifting to a developing-acknowledgement that "the best may be behind us."

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