This year has been dominated by a "tug of war" between two different constituencies of investors: those with a positive view on the potential for a sustainable economic recovery, and those who see little fundamental change from the low-growth, low-inflation environment that has characterised much of the post-crisis period.
For the former, the sharp reflationary moment from 2016 is very evident in the real economy, with improving economic growth supported by easier financial conditions and a weaker bias to the US dollar. ...
Four potential outcomes
Industry members abseil down Broadgate Tower
Hired as portfolio manager in global equity income team
'Three cycles are colliding'
Partner Insight: Alex Wright explains how he has honed his value contrarian approach to investing in the Fidelity Special Situations Fund and why the potential to lose money is often lower than in traditional funds