It appears that the global market rally after the dovish FOMC meeting last week is showing some signs of fatigue, but investors should not be discouraged
It appears that the global market rally after the dovish FOMC meeting last week is showing some signs of fatigue, but investors should not be discouraged. There is little doubt that the global picture is improving (France aside) and the large amount of capital management activity currently underway, along with a solid US economic rebound, will be supportive for global sharemarkets. Some say that the global sharemarket is due for a correction, but with central bank policy remaining in place, it is hard to see what could spark this as valuations are at average levels and earnings are improving. Geopolitical risks will occasionally surface, but unless supply chains are impacted, these will be temporary and represent a better entry point for investors, who need to remain cautious as the global debt problem has not been resolved and could flare up at any time. (VIEW LINK)
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