Why the Move Back Into Risk Assets?

Richard Turnill from BlackRock discusses the recent risk rotation in markets, driven by attractive valuations, positioning, and improving fundamentals. He highlights the challenges in the Treasurys market and suggests opportunities in IG credit and equities. The stabilization of oil prices and reduced fears around China and European banks have supported market rallies. Key risks include potential Chinese devaluation and rising inflation, with investors advised to monitor these closely.

What are the three key factors that could drive the risk-on rotation higher according to Richard Turnill?

What does Richard Turnill suggest about the economic data and its relation to recession risks?

How does Richard Turnill view the current state of Treasurys in the market?

What is the significance of oil price stabilization in the context of market risks according to Richard Turnill?

What risks does Richard Turnill identify that could affect the call for going long on equities?