Ever since the US stock market bottomed on 23 March last year, equities have been driven by brighter global growth expectations supported by fiscal and monetary policies and scientists who have worked towards eliminating the virus worldwide.
According to the most recent BofA report, equity funds have attracted $576 billion over the past five months, exceeding inflows recorded over the past 12 years. Investors have been left with few choices as sovereign debt markets and most high grade corporate bonds have been offering a minimal or negative real return. This environment has led valuations… Read More:
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