(Bloomberg) -- If you’re using financial markets to take the pulse of the global economy, your chart’s telling you the patient’s ready to run a marathon while in need of a stint in the ICU at the same time.
It all depends on the asset class you’re reading.
The strong first-quarter performance of traditional safe-haven assets such as gold and yen implies caution. Meanwhile, the resilience of emerging-market assets sends the opposite signal.
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