He tells how investors should position themselves in a reflationary environment, why oil prices will trade at the US$60 to US$65 level, and why he still favours the US equity market. At a global level, there is a valuation divide between developed and emerging equity markets. Firstly, emerging market growth is accelerating relative to developed market growth for the first time in many years. Could there be such a situation where interest rates go up, but it is not detrimental to emerging market currencies? Emerging market growth could continue to accelerate relative to developed market growth, which would underpin interest in equity exposure.

Source: The Star February 03, 2017 22:30 UTC