Peter Toogood: Three market scenarios for 2018

Most people have now come to realise that, when the system is awash with liquidity and momentum is in charge, precise forecasting is a mug's game. As such, we would instead put forward three scenarios for markets - acknowledging that any of them could come to pass. * ‘Not too hot, not too cold' persists: Here, the China boom of 2017 creates lasting effects into 2018 and the co-ordinated global growth it has inspired continues. So ‘Goldilocks' continues, with all assets catching a bid - much like they did in 2017 - and inflationary pressures staying muted. In this eventuality, stay long o...