Jupiter CEO Edward Bonham Carter has called into question the equity market rally, suggesting current moves do not yet signal the start of a new bull market.
Speaking at the group's investment dinner, Bonham Carter (pictured) compared the market rally with the horsemeat food scandal, asking "where is the beef in the bull market?" Global equities have powered ahead at the start of 2013, continuing the trend seen in the latter half of 2012 as fears over the future of the eurozone ease and investors ponder a 'great rotation' from bonds to equities. But the Jupiter chief executive said the exuberance seen in the early 1980s and end of the 1990s had little in common with today's equity market conditions, and drew comparisons with the bear marke...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
