Global equity markets continue to benefit from the unpresented levels of stimulus measures put in place by global central banks and the loose monetary policies being undertaken by Governments. With interest rates appearing that they will be kept at record low levels for the foreseeable future the environment for equity investing remains positive even though certain parts of the market (large technology companies) are looking fully valued.
The expected result of the upcoming US election would normally be having a far larger effect on the markets but with the outcome too close to call, investors appear more focused on the recovering economy and the stimulus measures. A second term for Mr Trump should again be positive for equity markets with his business friendly policies, but even a Mr Biden win with his promises of higher taxes and increased regulation the outlook for shares does not appear overly dark.
At this moment in time, Apple are worth more than the FTSE 100.
