Stable economic growth needed to fuel rally

This New York Stock Exchange trader has reason to cheer. With the bullish market momentum going into its ninth straight week of gains, global equity markets have, by now, clocked gains cumulating to an impressive 16 per cent.
This New York Stock Exchange trader has reason to cheer. With the bullish market momentum going into its ninth straight week of gains, global equity markets have, by now, clocked gains cumulating to an impressive 16 per cent.PHOTO: AGENCE FRANCE-PRESSE

While China's growth slows, there are early signs that point to stabilisation in second half of year

The question we hear most from clients today is: How long can this rally last?

Over the near term, given the sharp rally over the year to date, investors should recognise that valuations are not as attractive as two months ago, and there is the risk of a pullback here.

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A version of this article appeared in the print edition of The Sunday Times on March 03, 2019, with the headline 'Stable economic growth needed to fuel rally'. Print Edition | Subscribe