Macquarie Says 2016 Year To Hope For Return OF Capital Rather Than Return ON Capital (Value Walk)

“2016 is shaping up as potentially a significant watershed year,” Asian equities research from Macquarie predicted. Watershed is a word that can either have positive or negative connotations, and in this framing Macquarie uses it to point out concerns with Fed policy and its impact on the world reserve currency of choice, the U.S. dollar. At…