Patrick Poke of Livewire Markets spent time talking to CIO Sean Fenton who says we're seeing a massive tug of war between liquidity and economic fundamentals, and it's not clear yet which side will win.

"This is an experiment that has no defined end point for how it turns out, just a range of possibilities. Those possibilities are very wide, and can have some divergent outcomes."

But what are the implications of all this for markets? And how are investors supposed to position for such an environment?

This is discussed in the latest episode of The Rules of Investing podcast. Sean also tells us about his highest conviction investment right now, and shares his view on whether we'll see a new high, or a new low first.

>Listen to the podcast here

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