Saracen's Campbell: The trends set to dominate 2017

Likes healthcare and technology

We remain optimistic global growth will persist and strengthen from current levels. The implications for bond yields, and therefore market leadership, are significant. It appears clear to us bond yields have now bottomed and will continue to reverse from current extreme levels.

Our expectation is those trends in the stockmarket which started in August, and have been accelerated by Donald Trump's election win, will continue, namely: expensive defensives will de-rate and the more cyclical sectors including financials, where we find significant value, will re-rate and outperform.  Equities, bonds, property: Which asset classes will wrongfoot investors in 2017? Value, after many years of underperformance, is beginning to outperform and we expect this trend to continue.  There is still significant worth in financials where valuations are at extreme levels and ...