Take your cues from the tide, invest with the flow

Brett Lewthwaite | Macquarie Investment Management | 19 February 2019 | 0.25 CE

Volatility returned in late 2018 as the almost decade-long Quantitative Easing-induced, insatiable global chase for yield finally came to an end. Financial markets began adjusting from an environment once awash with abundant QE to one characterised by the ongoing reduction in central bank liquidity. It’s a Quantitative Tightening world and the tide is receding. QT appears set to continue ...