Chris Dillow 

Heading for a fall

Chris Dillow

Chris Dillow
Heading for a fall

I have a dilemma: it’s the time of year when I usually want to increase my equity exposure, but the outlook for the market is mixed. On the one hand, we can look forward to continued growth in the euro area, and prices are still above their 10-month moving average which suggests momentum is with the market. But on the other hand, we face the risk of a slowdown in China, dangers from high debt around the world, and a less than ideal political environment. (Some of you would add to the dangers the prospect of higher interest rates in the UK and US, but history shows that markets usually withstand these over the medium-term.)

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