Fundamentals now driving markets
Conventional wisdom says stock markets have rallied worldwide this year because of unprecedented levels of central bank support.
Conventional wisdom says stock markets have rallied worldwide this year because of unprecedented levels of central bank support, but leading investment strategist Kevin Gardiner believes something more fundamental is driving equity prices.
The Barclays Wealth global head of investment strategy says that corporate profits and a recovery in consumption were really behind record share prices - rather than artificially low rates for bonds and cash.
"A lot of people feel financial repression is the only...
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