Risk-Takers are Getting Back in Gear

Enough is enough. The correction in risk-appetite trades has gone on long enough.
Maybe the logic goes a little something like this:
- Global economic growth is improving ...
- But it’s not recovering all that fast.
- And periods of low growth will necessitate further fiscal and monetary stimulation ...
- Which means interest rates will stay low.
- Easy money will support asset prices ...
- And continued risk-taking will act in a self-fulfilling manner to drive up prices.