Barclays Wealth's flashpoints for the week ahead

Summary Risks are crystallising around a possible EU banking crisis and US recession We think neither is likely, but expect further volatility Diversification offers some reassurance If we had to shelter, cash would be our preferred safe haven Equities Markets pricing in high probability of double dip recession Earnings forecasts continue to nudge up in the US, following strong Q2 earnings season Valuations imply a significant long-term opportunity across developed markets Fixed Income Spread widening in high-yield credit has given way to an attractive entry le...