Stocks 'melt-up' seems set to continue
The stock markets have rallied strongly, and January looks likely to be the best start to a year since 1987, writes Marc Tenwick.
You often hear traders refer to a "melt-up" in stock prices, which means a dramatic and unexpected improvement in the investment performance of an asset class driven by investors who don't want to miss out on its rise.
Last week we notified our clients that stocks had reached overbought levels after rallying strongly in recent weeks. In fact, January is already on track to be the best start to a year since 1987. The year-to-date...
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