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Julius Baer: Brace for short-term volatility due to “unrealistic expectations”

Markets will closely monitor whether or not ‘hard’ data will catch up with positive ‘soft’ data releases, says Julius Baer, which advises investors to brace for short-term volatility due to a possible pullback in the economic surprise index. “So-called ‘soft’ data, such as strong sentiment indicators and survey levels for the US economy, have raised the debate whether the real…

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