Is the Taper Announcement Driving the Change?

I don't think that the tapering on itself is that importanter. If you look at the stock of liquidity, that remains extremely larged. So i think is more the the cloudiness that we have not seen for a long time. It was always clear urnish or recovery,. We just don't know by how much. But it's very strong. Veluation will go down, and quidity and central banks are relatively quiet but i also think that it is more difficult where next for equities given thise valuation. Your on le's let's take a look at page 11, where you've got your balanced, global multi asset portfolio. I'm curious about a