Get ready for a robust upswing in the sharemarket

Importantly, we don't think central banks or governments need to solve all the world's concerns. Incremental gains are enough to allow many stocks that are discounted for a more severe downturn to trade higher particularly within the cyclical space or in areas where higher inflation and rates remain priced as structural rather than short term. For investors, many stocks are trading at their most affordable levels in years. While equities remain susceptible to economic hiccups, we are past peak uncertainty on the outlook for growth and inflation and a late cycle slowdown is not a reason to be bearish on…