Looking forward to lower returns
Equities are currently enjoying their longest ever bull run.
Since the March 2009 stock market lows of the financial crisis –
with the exception of the final quarter of 2018 – equity markets
Financial markets are signaling all is well, buoyed by cooling
trade tensions and ongoing monetary accommodation. We question the
sustainability of this view. I spent the first two weeks of
November traveling in Asia, discussin...