Key points
- Thanks to improving growth and very easy monetary conditions, 2014 is likely to be another year of good returns for investors, albeit a bit slower than in 2013.
- Watch global business conditions indicators, wages growth in the US, European bond yields, Chinese lending growth and Australian consumer related indicators.
- Australian growth is likely to pick up a bit thanks to stronger housing investment and consumer spending.
- Right now the investment cycle is still moving away from cash and bonds in favour of equities and growth assets.
