RBC Warns Equity Markets Have Entered The 'FOMO' Stage
![RBC Warns Equity Markets Have Entered The 'FOMO' Stage RBC Warns Equity Markets Have Entered The 'FOMO' Stage](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/1866f8e3539a9910fa529845296c2ac4-430x166.jpg?itok=2OJ8paeM)
It’s risk-parity heaven right now, notes RBC's head of cross-asset strategy Charlie McElligott, with global equities (developed and EM) AND fixed-income all continuing their torrid rallies, but McElligott warns this is a classic "from worst to first" PM-grabbing into a new "Fear Of Missing Out" stage of the equities-rally.