Stories we should be thinking about
I have said it before and I will say it again…it is amazing what you can get with cheap money and QE stimulus:
Global stock AND bond mkts hit fresh highs. Equities now worth $78.1tn, Bonds $48.6tn, highest in history.
As I keep on saying, the world is going to need structural reforms to counter the eventual taper of the latter though…rather than just believe in a ‘new valuation range’:
Still – for at least this moment in time – volatility is low…
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