John Redwood: Are markets getting too high?

Bonds and equities still look attractive

clock • 3 min read

John Redwood looks at equity and bond valuations and asks if now is the time to lock in some gains...

When the Charles Stanley Strategy Committee met last Thursday we could scarcely believe how good markets have been in recent weeks. This year we had been against holding cash given the tiny returns available unless people need to for prudential reasons. We had liked long sovereign bonds, higher-yielding corporate bonds, and shares in the hope and expectation they would go up. We favoured emerging market shares as they looked cheap compared to the advanced world. We liked a global approach with a lot of money invested outside the UK ahead of the referendum vote. Portfolios following...

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