China aids global rebound whilst currency wars reignite - video blog Favourable news out of China last week helped stop the selloff in global markets
China aids global rebound whilst currency wars reignite - video blog Favourable news out of China last week helped stop the selloff in global markets. The S&P500 closed above 1900 for the first time in its history. Even the NASDAQ; which was sold off by around 10% at the beginning of the year; rallied significantly last week. This rapid recovery seems to suggest that markets are climbing a wall of worry. They are ignoring the traditional pattern of sell in May and go away. From where I stand, it's hard to say whether you should stay in markets; take your profits; and/or wait for a buying opportunity; if or perhaps when markets pull back. The mixed global picture, and markets behaving in unexpected ways makes it a difficult call........ (VIEW LINK)
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