We’re still experiencing your typical January ‘consensus’ bubble, which as we highlight in these pieces below, is bullish equities, oil, the euro and Japan. There are plenty of banana skins on the path as we head further into the year. How severe will the ‘China tightening’ for instance? Perhaps that cycle is coming to an end, suggest Rhodium Group. As far as asset allocation is concerned, stick with equities vs government bonds in a global balanced portfolio, but expect a bumpy ride and more modest returns, write MRB Partners. For those with longs on oil and the euro, then returns are looking pretty good so far in January. Shorter term corrections in both are possible, say analysts. Finally, for the past few years we’ve lost count of the number of analysts that argued that Abenomics had been a failure. Abe and his policy acolytes won them over in the end and everyone has fallen into line. Well not everybody. Veteran political and economic analyst Shigenori Okazaki says 2018 PM Abe’s year of triple crises.