Good inflation

With higher bond yields a-go-go, and equity markets continuing to make record highs, doesn't this feel like a little bit more than just Goldilocks? Doesn't it feel, whisper it, like a kind of proper boom? The JPM Global PMI index is at 7 year highs, after all. And now we have some US tax cuts to throw into the party too. No wonder everyone is fully invested. Get stuck in!

Oh, but we always climb the wall of worry don't we . . .

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