The ferocity with which the stock markets have risen in response to the corporate tax cuts is unprecedented. Whether these tax cuts have the desired impact on the economy remains to be seen, but those investors who had given up on the markets and moved out have surely been caught out badly. This shows that equity sentiment can turn very sharply, rapidly and trying to keep up with it is a fool’s errand. There were lots of investors who had decided to ‘sit out’ the stagnant phase of the markets an ..
Valuation swell prompts large balanced advantage funds to lower sails
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