There is no reason to think that markets, with the momentum we have seen, will run out of steam. |
These bond markets seem determined to convince everyone that interest rates are going a lot higher than expected. |
This is a set of background features that will hopefully continue to contribute throughout 2006. |
U.S. corporate growth remains very solid despite high oil prices. The stock market is bound for some gains today. |
We are seeing more analyst downgrades than upgrades, ... Loss of earnings momentum in Europe is weighing. |
We are seeing more analyst downgrades than upgrades. Loss of earnings momentum in Europe is weighing. |
We have probably moved ahead of ourselves. The market is not expensive but it has moved quite forcibly upwards. |
We've seen a bit of profit-taking (in the U.S.). I don't think this is the start of a serious decline in global equity markets. |