தொண்ணூறு ஒன்று உலகளாவிய உரிமையை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
What s on investors minds?
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
Purist approach to quality investing – well suited to
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
We are at an important junction where the global economic recovery has largely been priced into markets. Investors are already anticipating inflation going up and Treasury yields rising further. So, the shift to value and to the more cyclical parts of the market – resources, energy and banks – has arguably played out to some degree.
Mid-January is an interesting inflection point, as in many ways this period represents the peak of good news – the uncertainty of the US election was removed; Biden was inaugurated; there were more positive developments on the vaccination front; and there was widespread optimism about economies re-opening. So, market movements already reflect the anticipated recovery to a large extent.
Rescue your retirement This content is brought to you by Brenthurst Wealth
Many so called Baby Boomers (people born between 1946 to 1964) started saving almost from their first paycheck with the plan to one day supplement their retirement investments. For many years they dutifully put away a small amount, mostly in retirement annuities with the leading and large insurers that were dominant decades ago.
Once set up they pretty much forgot about the small debit orders that were increased annually in line with the inflation rate. The hope was that this small but committed savings programme will build wealth and the investors completely believed and relied on the companies to perform as per expectations.
The last few weeks of 2020 were characterised by market exuberance and a large appetite for risk, which have carried over into 2021. Markets are awash with liquidity, continuing to fuel excessive risk-taking across equity markets and sectors. The Federal Reserve (the Fed) has injected a staggering $7 trillion into the US economy. Given the size of the US economy, (GDP of around $21 trillion), this represents very substantial support to the world’s largest economy. We’ve also seen stimulus measures in other countries and regions such as China, Japan and Europe.
We are therefore in an environment that favours growth assets. There is a significant tailwind from stimulus; the roll-out of vaccines brings a COVID recovery closer; and record-low interest rates seem set to remain in place as central banks around the world are committed to keeping rates lower for longer. Typically, in this part of the cycle, investors tend to value a very broad exposure to markets when an economic recove
vimarsana © 2020. All Rights Reserved.