(Any opinions expressed here are those of the author and not of Thomson Reuters)
The focus is back where it should be for equity investors – fundamentals.
In the past few years, markets around the world have swayed to the wave of liquidity unleashed by central banks in a bid to get their economies back on track. The U.S. Federal Reserve, for one, was buying as much as $85 billion of bonds a month since September 2012. But that tap is beginning to taper with the Fed reducing purchases by $10 billion in January and another $10 billion in February.