Ending super-easy monetary policy is a big plus for the equity market because it means economic recovery is going to be sustained, the exit from deflation is for real, and the economy is becoming a more normal economy.

We all feel pressure, but it's different this year. Ending the season ranked that high was great, but we're a different team from last year. Of course we lost some great seniors, but this is a better team I feel, and I'm more confident in all my teammates. We also haven't been paying too much attention to all the rankings. We are taking one team at a time and having them have to worry about us.

It [the Cheshire Cat] vanished quite slowly, beginning with the end of the tail, and ending with the grin, which remained some time after the rest of it had gone.

We'll be pleasantly surprised by Japan, we'll be pleasantly surprised by European data, so in a global equity portfolio, stay fully invested.

There's considerable nervousness about the direction of interest rates. After having such a strong run earlier, markets need some time to catch their breath.

It's a steady, rather than explosive, expansion in the economy with the employment and wage data gradually picking up.