Bond yields are plunging amid trade wars, we have low and falling inflation and economic growth is slowing - all of which should be triggering alarm bells and would normally be expected to negatively impact riskier assets.
However, these concerns have, as yet, failed to materialise in weaker risk assets. Equity markets this year have so far delivered strong growth, with most up by double digits and many at, or near, all-time...
Investors have piled into bonds such that more than $15trn worth are now negative yielding if held to maturity – a new record.
Knee-jerk reactions could become self-fulfilling
Poring through the FCA's new regulations
A fond farewell
What risk factors should investors look out for?