Bulls gasping for breath

NN Investment Partners
By November 16, 2017 11:02

Bulls gasping for breath

House View

The global economy is stronger than it has ever been over the last decade. Whatever role politicians and policy makers have played and whether they did damage or contributed positively will be debated for years to come. Rather than discussing our stance on this topic, it is important to realize that the strength of the economy is broadly acknowledged. Even with little debate over this “fundamental” support for markets, opinions differ greatly whether this is a reason to be constructive on the market outlook. Fear that much of the good news is priced by markets already, that QE or regulation is distorting asset prices or that valuations are stretched keep many investors worried despite the good news show from the underlying economy. 

NN Investment Partners
By November 16, 2017 11:02

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