‘Relief rally’ skewing return expectations

Financial markets are full of warnings about past performance not being an indicator of future performance.  But past precedent can be invaluable in preparing for the future, and history certainly gives useful indicators of what is likely to happen next in markets, says Chad Padowitz, co-CIO at Talaria Capital. 

“While we recognise that anything can happen, we believe that many commentators are being excessively optimistic. The end of a tightening cycle has prompted relief rallies before, but they do not change our assessment of the outlook nor the potential for it all to end in tears.”

Read the full article for insight into what’s to come