Thomas Miller Investment: The biggest threats to an equity bull market
Equity markets have had one of the best starts to the year for a long time. The FTSE All Share is up around 9 per cent and most major markets have reached or are approaching their 2007 highs. Investor sentiment is much more optimistic and there is increasing talk of the "great rotation" from bonds to equities.
Some mega-deals have been announced in the corporate world, and there has been a remarkable absence of negative news so far in 2013...
It is likely to be another week dominated by Brexit headlines. However, Brexit aside, the highlight will be Central Bank meetings with both the US Federal Reserve (Fed) and the Bank of England (BoE) holding monetary policy meetings this week.
In a response to the Government's green paper on pensions tax relief, Matt Phillips, Managing Director of Thomas Miller Investment, argues that complexity is a deterrent to saving for a pension, that there should be tax relief on financial education, and the £1m Lifetime Allowance for tax relief on pension contributions represents a tax on investment performance.
