‘Chorus of consensus’ on asset classes
Corrections a regular feature
FTSE 100 dipped below 5,685 points
Three in four financial advisers argue the current recovery in equity prices is nothing more than a bear market rally, despite some words to the contrary from investment guru Anthony Bolton this week.
The resolution of the Iran hostage crisis helped boost the US stock market and may have helped avoid a recession, according to BlackRock Merrill Lynch.
Increased market volatility will characterise the investment world over the coming months, according to Baring Asset Management.
There are further warnings of a potential return to the bear market as Barings predicts investors are now prepared to take more risks with investments and equity markets could see increased volatility as a result.
When Swiss bank UBS stuck its neck out in the last quarter of 2003 to declare the Bear market was officially over, more than a few sniggers were heard around the City.