Ben Griffiths on the Current Market Rally
According to Ben Griffiths, Managing Director and Senior Portfolio manager at Eley Griffiths Group, the current market rally still has room to run.
From where I'm sitting it seems everyone is seeing bubbles
Griffiths believes that the two forces that usually end bull markets are not present threats. He looks at credit spreads to determine the health of the market, stating that if markets were truly at risk of breaking, it would be evident in the credit spreads, not just in headlines.
- Equities have climbed due to optimism about inflation being tamed and potential rate cuts.
- Asset prices, including property, have also increased.
- Griffiths believes that the market's "plumbing" is more important than headlines when assessing its health.
Author's summary: Ben Griffiths remains optimistic about the market rally.
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