Tim Hayes, chief global investment strategist, and Anoop Nath, global analyst, of Ned Davis Research Group assess the chances of a global stock market rally (MSCI) after the recent correction.
Mark Arbeter, chief technical strategist at S&P Capital IQ, explains how signs of a bottom in US stocks prepares the way for an advance to 1800 for the S&P500 by year end.
Figures from fund flow analyst EPFR Global show that European equity funds benefited from more than $2bn (£1.3bn) in new money during the week ending 14 August.
A survey by Schroders has shown that 50% of clients expect European equities to be the best performing asset class over the next 12 months. Around a 20% said they favour US equities and 15% said they expect emerging market equities to be best performing over the next year.
Steve Sellers, chief analyst at Ned Davis Research, writes that global sentiment is not sufficient to justify a more aggressive stance on equities.
Walter Zimmermann at ICAP US discusses how a divergence between price and momentum indicators has produced a sell signal of a weekly trend reversal in the S&P500.