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Threats to the liquidity punchbowl, is the party over? Or will equities absorb the effects?
This monthly commentary gives a roundup of global markets and trends.
In this edition:
The fundamental backdrop for equity markets is improving, in spite of concerns around changes to Fed monetary policy and the impact on the wider market.
After decades of growth stocks leading the markets - principally technology, in valuation terms there are potentially more attractive opportunities within the unloved “value” areas of the markets, such as energy and industrials.
A diminished near-term risk of a Scottish independence referendum coupled with a favourable UK economic background has helped UK stocks outperform their global peers.