Stay the course. It’s a long game

Chief Investment Officer and founder of Aitken Investment Management
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I’ve spent this week seeing investors and their advisors. I always enjoy being on the road talking to people about investments, as it helps me gauge broader investor sentiment.

With world markets ending the year well (as we had expected), it remains somewhat stunning just how disbelieving most people are about the strength of global equity markets.

While I believe this has been a classic example of “bull markets climbing the wall of worry”/“don’t fight the Fed”, there should be no doubt this has been the least euphoric rally I can remember in my 25 years in equity markets, probably because most people have been too defensively positioned.

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