How Bull Meets Bear

Download "How Bull Meets Bear" by Steven Blitz and Oliver Brennan

We lay out why we are a bull for now, and which triggers we are watching to identify how the bull could meet the bear. Several of these triggers are an H2 story but that does not mean we should be complacent today, especially with signs of bubble behaviour in equity markets and elsewhere in financial markets.

• Equity/yield relationship is complex; markets far from the tipping point
• The nature of the next fiscal plan – including capital gains tax – is the next important staging post
• But there are other potential triggers too: namely inflation and the pattern of post-reopening growth