Global markets are digesting the US election results while the US Fed rate hike in December hangs in the balance. The aggregate policy outlook from the new administration is expected to push up inflation and debt in the process of raising growth. Rising inflation will attract higher interest rates and likely to expose the struggling parts of the economy to even tighter financial outlook. We expect to get more clarity on the majority of the policy settings over the next 3-6 months while some back tracking in policies are expected. We continue to see global growth remaining weak while any US move towards protectionism will further weaken outlook. Despite the yield squeeze, the yield trade will continue to see support in Australia as interest rates remain low for longer. GARY is well placed to sieve the market for quality ideas in a rising inflationary outlook. Full report... (VIEW LINK)
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