When doves buy
Also Interesting
Equity market monthly review
- Global equities have swiftly recovered most of their 2018 losses, with the MSCI All Country World Index up 8% year to date.
- Of those S&P 500 companies that have reported earnings, 72% have beat earnings expectations posting aggregate growth of 14%. The sharp repricing of 2019 Fed rate hike expectations fuelled a risk rally.
- The asset class still appears attractively valued on an absolute basis and also relative to sovereign bond and credit markets by historical standards