Gosling's Grouse: Too hot or too cold?

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Investment Week founding editor Lawrence Gosling
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Investment Week founding editor Lawrence Gosling

'When is the correction coming?' I asked some respected investors a couple of weeks ago - a question many are considering but only a few are brave enough to speak up about.

Mark Burgess, Columbia Threadneedle Investments' CIO for EMEA, came up with US high yield as the one asset class that looks a little bit toppy. On a quick trot around the world's equity markets, he was of the view things look pretty good. That said he was not making the case for some really cheap assets anywhere, but equally he was not overstating all the obvious risks we point to. Brexit is Brexit: slow, laborious, boring (my words), and it is having some impact on parts of the UK economy, but not all. It is hard to price Rocket Man (Kim Jong-un) into valuations. Except gold, t...

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