Outlook for Investment Markets
Investment markets have seen a global rotation out of income assets and into growth assets, as investors have become more confident about global growth prospects and less tolerant of very low cash and bond yields. Sharemarkets have consequently had a strong run, and bond prices have fallen. More of the same looks likely for the rest of the year, with the provisos that recent price rises may have taken some sharemarket valuations into expensive territory, and that it is still an open question whether bond yields will continue to rise.
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