A challenging year for financial markets is coming to an end soon. Most European equity markets are likely to finish 2016 in slightly negative territory, U.S. equities are strongly up and yields spiked sharply in recent months.
Along the way, Brexit and US elections caused extreme volatility. Have equity markets topped out and is the more than 30 years old bull market in bonds over? On the following pages, we will try to find answers and provide you with a roadmap for the first half of 2017 and beyond.