It's hard to shake the notion that a decade on from the global financial crisis we must be due another. But that view is being challenged daily by equity rallies and fresh market highs.

In New Zealand the NZX-50 closed at 10,218 points yesterday — up nearly 16 per cent this year already.

The pessimists, who will be right eventually, seem to be on the back foot — again.

But let's be honest, the odds have been stacked, the jury rigged and the stakes raised for equity markets, here and around the world.


United States President Donald Trump has markets