I am sure a lot of people have been caught in the hype with the fact that the markets have been making new all time highs. So let us ignore the rhetoric and look at how global markets are performing this year. The S&P500 is up a satisfactory 6.13% but nothing to write home about, more disturbing are the European bourses which are tracking negatively for the year.
For markets to continue growing at the pace of the last few years, we need to see high economic growth prospects. Macro economic data isn’t supporting a growth story, so the fact that markets are not performing on fire despite their highs is a potential warning sign. Take heed.