The party’s over
Myles Udland
BusinessInsider.com
Sept. 20, 2015
The party’s over.
In a note on Friday morning, Kit Juckes, a strategist at Societe Generale, wrote that the easy money has been made, and things are about to get a lot harder for investors.
“Making healthy investment returns when QE-inspired asset inflation is all but played out, emerging markets are slowing, Europe is stagnant and the Fed is showing a distressing lack of leadership, is going to be really, really difficult,” Juckes wrote.
And with this, Juckes is sticking a fork in the post-financial-crisis rally that has seen bond yields fall, stock prices rise, and, in recent months, the US dollar rally as central banks supported markets with low rates and outright asset purchases.
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