Miton's Anthony Rayner: Where next for markets?

A number of multi-decade, multi-dimensional trends are currently being challenged. From an economic perspective, we have moved from a disinflationary environment, which has dominated since the 1980s, to an inflationary one. Geopolitically, globalisation and free trade, which have been the prevailing orthodoxy for decades, are being challenged by a shift towards protectionism. At the same time, monetary policy has done a handbrake turn, away from quantitative easing, with interest rates rising from multi-decade lows. Of course, these dynamics are not operating in isolation of each othe...