Last month we published ‘Hamilton Wealth Management, Investor Insight 55: the year that was’, reflecting on what shaped 2017.
This month we publish our outlook for the year ahead.
We referred to 2017 as the year bond values peaked.
In projecting a theme for 2018, we believe it will be about not becoming complacent to risk.
Monetary policy effectiveness is at its limit. We are in a period of what many commentators are referring to as the Goldilocks scenario – synchronised global growth combined with low inflation. The risks globally we believe again centre around interest rates, where we will start to see synchronised rate rises globally and the start of engineered inflation could be the next roll of the dice.