Government support measures in Australia and the US are seeing disposable incomes temporarily rise for some people.
Valuation measures of equities are a significant determinant of future returns, particularly in the US.
Are we seeing the market climbing a wall of worry? The big positioning squeeze, and the impact of low rates on equity valuations.
Trade tensions between the US and China have gained attention, but other shifts are also occurring with implications for Australia.
Quantitative easing, inflation rates and depressed bond yields and their relationship with gold prices.
There is a tug of war between a wall of money and weak fundamentals and the winner in the near term is very difficult to pick.
Strategic recommendations for dealing with difficult markets.