Even at
historically rich valuations, Hong Kong's office market is extremely active while investors in the retail market are waiting for clearer signs of a turnaround before committing.
Not exact matches
On the other hand, both
historically and even since 2009, when investors have shifted toward risk - aversion, as evidenced by divergent market internals,
rich valuations and fragile economic foundations have typically resulted in steep market losses.
Rich global
valuations, predominantly thin risk premiums, and uniformly rising global interest rates haven't rewarded investors
historically, on average.
The problem today is that the recent half - cycle has taken
valuations back to
historically rich levels.