Market’s hangover was a necessary price to pay for earlier excess

January 9, 2019

GSFM’s Stephen Miller writes for The Australian Financial Review and calls time ‘on a great party’.

He goes on to say “It may be the case that the market hangover that characterised the last quarter of 2018 was a necessary price to pay for the earlier excess, courtesy of the fiscal punchbowl. And with stable bond yields, mid-to-single digit (or even higher) equity returns, and an economy growing about trend, 2019 may be a quiet, if not relatively benign year.”

To read the article, click here.

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