Recovering markets needto see results

Markets need to see their expectations of a significant economic recovery if they are to continue rallying. Markets initially rallied in response to fiscal and monetary policy easing and the possible release of pent-up demand due to geo-political uncertainties. They now need to see tangible positive economic outcomes to keep the recovery on track. The omens do not look promising. The all-important US economy has exhibited a degree of unresponsiveness to policy easing relative to previous economic cycles. Investment, industrial production, consumer spending, to a lesser degree, and the emp...