With slightly more encouraging signs coming from the world's largest economies, sustainable growth is beginning to look more likely. However, with higher quality bonds likely to suffer, recovery still hangs in the balance
It has been refreshing to be reminded that share prices can rise as well as fall this year. However, after a virtually uninterrupted five month 25% rally there remain key questions to ask to support equities over the remainder of 2003. At the same time as equities have seen a sustained rise, the bull market in government bonds has suffered a sharp setback, most notably in the US Treasury market. So is the bull market in bonds over? Will the positive trend for credit spreads and equities continue? Are deflationary and/or recessionary pressures easing? Let's look for some clues to the ans...
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