Are we looking at another year of two halves?

Many investors in the current climate would baulk at the words of Laurence Fink, chief executive officer and co-founder of BlackRock, who said investors should have 100% of their investments in equities at the moment.

In an interview with Bloomberg, he said investors who seek the safety of treasuries will have minimal returns and will not be able to meet their needs. In contrast, he highlighted the fact equities are trading at their lowest valuations for 20 or 30 years. His advice to investors is to try to overcome all the market noise and look more closely at the dividend return on equities versus bond yields.  After making this assessment, his judgement is they should hike equity positions. However, his call for a major move back into risk assets is at odds with investor behaviour so far this yea...