Here’s What We’re Thinking

ScotiaMcLeod Portfolio Advisory Group

Written by Nitin Manohar
May 30, 2014

Investment Strategy: Simultaneous rally in equities and fixed income is perplexing; compelling investment opportunities remain scarce.

Equities: Declining government bond yields, which have moved opposite to the consensus view that yields would move higher in 2014, have prompted many investors (including us) to re‐examine their theses on equities, as falling bond yields sometimes foreshadow trouble ahead.

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