Last week stock prices rose to all-time new highs as bond prices fell. There were material progress and enhancements made on the three key data points that we have been monitoring and discussing over the last several weeks: monetary policy, trade, and Brexit.
We are bemused listening to the pundits/experts each day as their views shift with the wind as they continue to miss the overriding positive trends influencing the financial markets. We expect further gains ahead as investors are significantly under-weighted in equities while being over-weighted in bonds and cash.
While we do expect