MARKETS SPECTATOR: End-of-year rally?

September's traditional equities pullback is nowhere to be seen, raising the prospect of a sustained, hefty rally to year end driven by investors fearful of missing out.

There’s an interesting situation playing out in the domestic market at the moment, as well as overseas. Equity markets around the globe have had a pretty decent run of late as expectations of QE3 and ECB stimulus, which ultimately proved correct drove markets higher. For the quarter-to-date the local benchmark is up 7.7 per cent while the S&P 500 has added 7.2 per cent.


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