Another 25 % Next Year

“Global equity mkts could easily be up another 25% next year. supply side constraints have been significantly mitigated – there is a plentiful supply of energy/commodities/labour/capital looking for a home – that seems like the ideal combination for a significant increase in non-inflationary growth and it is the job of central banks to promote that growth in order to get inflation back up towards target – also seem investors generally very wary of the equity mkt rally to date so positioning remains cautious/defensive.” (Goldman Sachs)


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