We're at a Big Macro Turning Point
Real Vision: Finance & Investing
00:00
The Transition to a New Investment Regime
I think equities versus GDP got to record levels. And that's been generally with a relatively narrow selection of stock, particularly in the last decade. Do you see that this transition, can it be smooth? Because if you try and take a few billion out of even a very, very liquid market,. A few billion coming out at the margin can actually have quite dramatic consequences for overall valuations. Does this mean that we need to see effectively an equity bear market in order to reposition into this new regime? I just don't think there's any appetite for that.
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