Sunday, 7 January 2018

Stories we should be thinking about

Stories we should be thinking about


Way too many stock market 'melt-up' mentions in the last 48 hours to be
comfortable...well I guess when you have had such a large amount of money
supply creation in the last few years this is what you should expect...



Although market moves in the first week of the year don't show it...
it is a changing world out there as nicely captured in this article:
"QE Party Over, Even By The Bank Of Japan". Nice read and set
of graphics.  Ok, the decline is currently still small...

...but it is a bit of a regime change versus the last few years - a trend we are seeing around the world:

So, no surprises that fixed income yields have started to be competitive versus dividend yields for the first time in a while...

To read the rest of this week's Stories we should be thinking about click HERE.

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