Interesting stuff from David Folkerts-Landau, Group Chief Economist at DB:
After kicking off with the surprise Brexit vote, the summer proved unexpectedly quiet. Risk assets enjoyed a strong rally, as investors recognised that the Brexit negotiation process would be drawn out and that the initial fallout was less severe than feared. But amid this resiliency, there is a sense that markets are waiting impatiently as various macro risks loom on the horizon.
Waiting impatiently for Central Banks
Source: Deutsche Bank