Vantage Point sees hard US landing, bets on China

Tighter lending standards and fledgling signs of slack in the labour market suggest that the US economy is headed for a hard landing, said Nicholas Ferres, Vantage Point's chief investment officer. — Bloomberg

NEW YORK: The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management.

Tighter lending standards and fledgling signs of slack in the labour market suggest that the US economy is headed for a hard landing, said Nicholas Ferres, chief investment officer of the global macro fund.