“We think the market is in certain circumstances complacent and not enough consideration is being given to downward pressures, in particular corporate margins due to higher input costs.”
“The telecoms news was disappointing. We do not have any hopes for that sector in the near term, but when the market starts to slow down later in the year maybe they will be an interesting trade.”
“If the market does have a correction, the worst-performing sector in that correction will have been the best-performing sector in the last couple of years.”
“Most people think we're in for a couple more rate hikes in the United States. We'd argue that that would make life more difficult for equity markets but so far they seem to be trickling along quite nicely.”
