Welcome to the #neversell era: How the latest incarnation of Nifty Fifty firms is packing a punch

Deep Dive into global equities

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Giles Parkinson of Aviva Investors
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Giles Parkinson of Aviva Investors

Interest rates, it has been said, are financial gravity. When rates are high, stock prices should be lower, because they reduce the present value of the future cashflows equity investors lay claims to.

The opposite is also true; when rates are low, stock prices should be higher. In early November, the market value of the Bloomberg Barclays Global Negative Yielding Debt index rose to a record $17.5trn,...

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