As global stockmarkets reach record highs, investors are left with a quandary as we tiptoe into 2017.
Is this the last deluded hurrah of a bull market giddy with enthusiasm but ignoring fundamentals? Or, as one note from late December (from Barings on property) puts it succinctly, "a maturing but extended...
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Fidelity's Jeremy Podger reviews the areas that have led global equities in recent times. He assesses whether these trends are showing signs of fading and looks back at past "mega-trends" for an insight into what could happen next.