Looking for an investment bargain? Xiaomi the money
When the market is extremely pessimistic, that’s when to look for great deals outside the overpriced big names
We find ourselves in an environment in which there is more to be worried about than usual, including an escalation of the China-US trade war, fallout from a no-deal Brexit and erratic or aggressive US Federal Reserve policy decisions.
Then for good measure we can add a dose of yield curve inversion in the US, a phenomenon that has been followed by a recession every time in the past 60 years, with just one exception in the late 1960s.
Altogether, this makes for a high-risk economic and political cocktail. Yet, notwithstanding this, markets have pushed into territory of crazy valuations and perverse investment activity...