Macroscope | Promised land of Trumpflation-inspired global stimulus has been slow off the mark

For binge-buying investors who are long of the global stock market rally, it really is happy days.

And they should lap it up while they can as it is likely to be a much bumpier ride up ahead.

As sure as night follows day, when markets tend to get ahead of themselves in a buying frenzy, busts are sure to follow.

While global stock market indices are hitting the big time and notching up new record highs, it is a tough call pouring water on the rally, especially while the world’s central banks keep stoking the furnaces with so much cheap and easy money.

But there is a myriad of reasons why investors should take a more circumspect look at what is coming up ahead and start thinking about hedging their bets.

Call it high jinks, irrational exuberance or just plain recklessness, markets are becoming disturbingly detached from the underlying fundamentals, leaving investors very vulnerable. Global politics is starting to turn nasty.