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The correction that never happened

With the bull run now into its 9th year, how is one to make sense of this unusual trend and how does one prepare for the inevitable pullback?

Any pullback, while overdue, is unlikely to be deep or prolonged, says the writer. It would likely take a significant escalation of risk events to pull equity markets sharply lower, given the still extremely supportive fundamentals.

GLOBAL equity markets have gone without a 5 per cent drawdown for more than a year and they haven't suffered a 10 per cent correction since the start of 2016. The stock market has powered through several surprise events - Brexit, President Donald Trump's election and North Korea's heightened...