Overview
For months, I’ve described a persistent Goldilocks backdrop: solid growth, easing inflation, and supportive liquidity.
So far, that view has been vindicated as global equities keep setting all-time highs and credit spreads remain historically tight. It’s a market that rewards staying fully invested and punishes those who are underweight or are timing the market.
Source: https://www.afr.com/markets/debt-markets/time-to-reassess-the-goldilocks-scenario-driving-markets-20251108-p5n8qr