All central bank liquidity or improved outlook too?
Following the brief wobble after the escalation in tensions between the US and Iran, the risk appetite that drove the substantial stock market rally towards the end of last year has returned. With yet another good week in stock markets, full year return projections of a number of 2020 outlook reports by well-regarded investment research institutions will looked stretched even before we reach the end of the first month.
Unsurprisingly, parallels are being drawn with January 2018, when stock markets were storming ahead with similar levels of upward momentum, touching very similar relative valuation levels, and looked just as over-extended in the US. That particular upward surge ended very quickly, as stock markets took fright from rising bond yields, leading to an overall disappointing year for investors – with the exception of the US.
Tatton Asset Management PLC (LON:TAM) offers a range of services to directly authorised financial advisers in the United Kingdom. The Company provides on-platform portfolio management, regulatory, compliance, and business consulting services.