The world economic order will undergo further change in this coming decade. How can investors stay ahead, and what should they avoid? The Edge Singapore speaks to three veteran market analysts to find out.
SINGAPORE (Dec 27): This past decade, the US stock market defied almost all cautious predictions and enjoyed its biggest and longest bull run ever. Despite the run being described as a “tired old bull” from as early as three years ago, US equities, fuelled by cheap liquidity, have chalked up 11 years of growth — and counting.
Away from the equity markets, however, the world order on which companies and individuals have built their fortunes is under tremendous stress. No thanks to the populist policies of US President Donald Trump, protectionist sentiments have gained strength. Allies and partners have turned against each other. Norms of doing business for the past decades have been undermined. The very concept of globalisation is under threat.