White House could trump equity recovery

For investors in general, unless one is lucky enough to be a vulture fund picking up cheap assets in the ‘Great Irish Firesale’, the last few years have been incredibly difficult in many respects and incredibly easy in other respects.

Economics have been pretty horrendous, but equity markets have enjoyed a very impressive performance. For investors who were brave enough to come on board the equity train at an early stage, the returns have been tremendous. But for many, risk-aversion and the flight to risk-free assets offering abysmal returns has been the name of the game.

Over the past decade, the global economy has come through incredible turmoil and global policymakers have arguably faced the most immense economic and financial challenges since the 1930s.