Everything At An All-Time High
Jeroen Blokland | Jul 04, 2019 09:31
Well perhaps not everything, but a great many market indices have reached new all-time highs. This includes the MSCI World (in EUR), S&P 500, NASDAQ Composite and basically every major bond market index as well.
Investors are buying everything as central banks are expected to cut rates and boost liquidity. Great news for both equities and bonds, hence our return to an overweight in equities in June. But it remains important to look at underlying fundamentals as well. And to be honest, these look a bit sluggish at the moment.
The expected improvement in global growth in the second half of this year is not a given. Nevertheless, it seems too early to go against the strong momentum that is resulting in new all-time highs virtually every day.
Get The App
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.