Private client portfolio manager Gerrard believes the question of whether the worst of the equity be...
Private client portfolio manager Gerrard believes the question of whether the worst of the equity bear market has passed is still to be answered. Analysts at the group remain concerned at the sharpness of the rally in equity markets, particularly in the UK. They believe it can run further but see continued volatility, meaning a firm base, may yet be some distance off. Jim Wood-Smith, chief analyst at the group, says: 'The rally can run further. Indeed, a run all the way to the previous low points reached on 21 September looks more likely than not. This is roughly 4,400 for the FTSE ...
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