December 30, 2017

Week ending Friday December 29th 2017 Equity markets ended the year at highs – helped by a two-week run of weakness in the USD. The broad USD index is now back below its two year lows, hinting at easier monetary policy ahead. Contra any such conclusion we have seen bond markets also had a good year, a surprising result given healthy equities but less given such weak inflation readings. Worldwide RGDP appears to be the healthiest in years even if not yet making up to trend levels. No major currency bloc seem to be lagging, except perhaps the UK. Our…...

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