Outlook for Investment Markets
Growth assets prospered in the three months to early November, but weakened more recently.
The rise was based on increasingly solid evidence of ongoing global economic growth, while the relapse came about because of second thoughts about risks to the recovery. The most likely outcome is for continuing recovery, overlaid with recurrent episodes of investor uncertainty. Fixed interest markets, after dropping to ever lower yields, appear to have reversed course en route towards more sensible levels.
Read the full article here.