Peak Inequality? There are seven major investing themes that will play out in 2017, according to Bank of America’s Chief Investment Strategist Michael Hartnett. Many of them appear to be correlated with the change in US Presidential and UK elections while other predictions reiterations of previous plays.
The seven themes in brief are:
1. Peak Liquidity...era of excess liquidity is over
2. Peak Inequality...more global fiscal stimulus to address inequality
3. Peak Globalization...free movement of trade, labor, capital ending; FX wars starting
4. Peak Deflation...secular low point in bond yields now behind us
5. Trough Volatility...era of “flash volatility” and “pain trades” continues
6. Peak Passive...active investors to outperform passive investors
7. Transforming World...CRISPR, robotics, eCommerce constrain inflation upside
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