Everybody Loves TINA
Equities continue to march higher and the ASX 200 has rocketed through 7000 for the first time as the signing of the long awaited Phase 1 trade deal emboldened risk sentiment.
Equities: Momentum Continues
We ended the year with a bullish bias on equities (not the real economy) based on the recession of risks on the geopolitical front and huge amounts of liquidity being thrown at the market by central banks. Equities have continued to march higher and overnight the S&P 500 closed at another record high.