Nowhere to hide...

14th November 2017

There doesn’t seem to be any stopping equity markets this year, which continue to climb higher and higher due to a genuine absence of anywhere else to go in order to sustain a reasonable return. As equity markets keep rising, valuations continue to stretch (at this point not excessively), yet investors keep buying in and notching up gains. The scenario is starting to look like a self-fulfilling prophecy and it seems there is nowhere to go to make alternative gains.