Beware the Share Market Hype

Share markets around the world rallied in November on the back of a Biden US election victory plus vaccine optimism. In the US alone, $90bn flowed into equity funds in just three weeks!

I am reading articles stating that 2021 will be a great year in equities with some analysts predicting double-digit returns in 2021. These analysts suggest the environment has set the most attractive scene for equities since the Global Financial Crisis. I would argue the significant gains since the March 2020 lows suggest the most attractive period has already passed.