Gerard Minack on the outlook for equities and interest rates
Gerard Minack on the outlook for equities and interest rates. Minack remains of the view that the current rally can run further but suggests a cautious approach is necessary. I like several themes, but I have to say I like each one of them less that I did 12 months ago. From an equity strategy perspective Minack says the yield game still has something to offer given the low interest rate environment. He also says for the companies that are genuinely generating organic growth they deserve to command a premium. However, he says holding some cash is probably a wise move, I think you'll get better levels to buy at in a range of assets, including property over the next two to three years. Don't be greedy now. This is late in the cycle. If forced to make a call on rates... Minack says the next move is lower. (VIEW LINK)
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