Goldilocks returns
Wednesday, January 18th, 2017 Categories: Global Equities, Government Bonds, Volatility
But nobody can see her
We stay with our early-year focus on volatility. Many commentators have focussed on the potential for political shocks, but we may be on the verge of an ultra-low volatility regime similar to the Goldilocks period of 2006 and 2007, consistent with abundant liquidity, accelerating growth and fiscal stimulus in many developed economies.