Equities

Lex: Valuation fundamentals

Like death, investment fundamentals matter but are often forgotten or ignored, pushed aside by the immediacy of day-to-day living. This approach can bring happiness for years - until a life or death moment intervenes. Late last year was just such an occasion. But, since March, asset classes from stocks to commodities have soared again. Are investors deluding themselves once more? Stuart Kirk analyses recent trends.