AXA IM's Thomas: Trump and Brexit switch on market spin cycle

Market trends for 2017 unpredictable

Benjamin Graham once stated: "In the short run, the market is a voting machine but in the long run, it is a weighing machine."

In the medium term, markets are like a washing machine on full spin cycle and time is what is needed to see what really comes out in the wash. We are living in interesting times, and the widespread geopolitical upheaval witnessed in 2016 looks set to continue as we move through this year. As we look further into 2017, we are constantly on the lookout to see possible repercussions from Brexit, quizzing every company in which we are invested about their long-term investment plans. Reassuringly, most of them have not changed at all.  There may come a time when this changes, depending on ...