Why investors need a more cautious stance to tackle global headwinds

Investors who have somehow avoided all the summer shenanigans over the EU referendum could be forgiven for thinking, judging by recent market behaviour, that we are in the midst of a reasonably benign period for the global economy, and that confidence is higher than it was a few months ago. But this apparent optimism is masking several challenges which could easily resurface as the rest of this year unfolds. The Brexit outcome introduced uncertainty not just for the UK, but the whole of the EU and possibly the global economy too: businesses and consumers do not know how everything wil...