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Summary of key points   The current combination of still benign monetary policy, increasingly stimulatory fiscal policy and synchronised world GDP growth will probably support equity markets through 2018 and possibly into 2019. We...

Summary of key points   Three weeks ago, we said that the more likely catalysts for a short term market sell-off included policy maker mistakes, such as too much monetary tightening in China or too rapid an increase in interest...

Summary of key points   The key issues for investors to consider are: While worldwide inflation and short-term interest rates remain lower than usual and are likely to do so for the next few years, long-term bond yields have started...

Summary of key points   The key issues for investors to consider are: Inflation and why it is persistently so low? - We think it will average between 2.0% p.a. and 2.5% p.a. in Australia over the next ten years. The likely path back...

Summary of key points   Little seems to have changed over the course of the last month. Trump and Kim are still ranting at each other, although it seems to have a harder edge more recently. The Fed is still planning four rate rises...

Summary of key points   Over the last few weeks, equity market valuations deteriorated slightly in the USA, Australia and Europe as bond yields increased while long-term earnings per share growth estimates were maintained or reduced...