Don’t buy America!
Investors who are buying into the Trump rally now are likely to be disappointed. Long-term return prospects for the asset class are severely impaired.
Returns
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Which asset classes performed best in 2016?
2016 has been a remarkable year. The two best performing large equity markets this year are countries that have been mired in recession for years. At the same time, the stock market of the world’s fastest growing large economy has been delivering some of the lowest returns.