Market Comment August 2019 - The Summer of 2019 - All Eyes on the US
The rites of summer are upon us and Europeans are heading for the beaches. Meanwhile, as temperatures reach new records, valuations of assets also go ever higher and financial markets are upbeat. This is in stark contrast to the gloomy outlook central bankers seem to observe as they are heading for more rounds of interest rate reductions in the US, the UK and more Quantitative Easing in the EU.
Be that as it may, lower interest rates will boost the value of financial and r
