RE: FRIDAY CLUB10 Dec 2018 17:05
Tartine,
For the present, yes (but can always change my mind!).
Have seen the current declines described as a "re-pricing of growth prospects".
Fair enough.
But there is a compensating adjustment to be made in terms of the outlook for interest rates.
To date, lower growth seems to be dominating. Would expect that to reverse and less-high-than-originally-expected interest rates to win out.
We shall see.