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Melissa Brown, Managing Director of Applied Research with Qontigo, says despite the recent strong economic data the U.S. still is at risk of experiencing a recession this year.

Melissa Brown, Managing Director of Applied Research at Qontigo, says investors are moving out of more volatile stocks which are considered higher risk and into more defensive areas of the market.

Wall Street’s main indexes tumbled on Friday, on course for their biggest weekly drop of 2023, as further strong consumer data had investors bracing for more aggressive rate hikes from the Federal Reserve to fight sticky inflation. This report produced by Alex Cohen.

Fourth quarter 2022 insights from Qontigo, revealed that the ESG segment of the total global passive ETF market is just 4.7 per cent but accounted for more than 10 per cent of all net new assets across the industry in 2022.

Qontigo’s Melissa Brown discuss what’s driving the markets.

Investor sentiments seem to be improving despite the slowing down of the global economy, especially in Asia. But what’s driving this positive sentiment? And will this bullish tone of markets continue? On Money in the Market, The Afternoon Update’s Hongbin Jeong speaks to Olivier d’Assier, Head of Applied Research, APAC at Qontigo to find out more.

Melissa Brown spoke to Tim Smart of U.S. News & World Report about current market conditions noting, “sentiment has been quite positive over the last two months.

Historical precedent suggests there’s an 80 percent chance that markets will continue to go up, according to Qontigo.

Stocks immediately fell Wednesday afternoon following the Fed’s announcement before quickly rebounding.”No big surprise in today’s announcement, either in the level of rate increase or in the accompanying language,” Melissa Brown, Global Head of Applied Research at financial analytics and index provider Qontigo, said in an emailed statement.

Melissa Brown, Managing Director of Applied Research at Qontigo, said the 25 basis point increase is baked in already, but what the policy makers say about what they will do for the rest of the year is what’s going to be important.

Olivier D’Assier, APAC Applied Research Head at Qontigo, discusses the latest on the markets. He spoke with hosts Doug Krizner and Vonnie Quinn on “Bloomberg Daybreak Asia.”

Paul Allen in Sydney and Kathleen Hays in New York drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. One of today’s guests: Olivier d’Assier, Qontigo Head of Applied Research, APAC (Source: Bloomberg)