Market fell as the sentiment turned negative with waning US election optimism before an afternoon rally reduced the losses for the day. Get used to higher volatility…..it is going to be with us atleast till the early part of 2017. The trend around the world in regards to cutting corporate tax to growth will be proven to be another failed trickle down economic policy. Cutting the corporate tax rate at the bottom of the cycle will be nothing more than setting up another economic time bomb similar to locking in income tax cuts at the top of the commodity boom. The global markets are likely to remain volatile and choppy with outlook uncertainties. Rising yields will drive down asset valuations and support profit taking in markets. Time to be nimble in an uncertain global macro!!! For the full report… (VIEW LINK)
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