MARKETS SPECTATOR: Stock rally splutter?

Global stocks could be about to falter after disappointing US jobs numbers, especially since the rally seems to have been built on false hopes in quantitative easing.

The global rally in stocks may be about to splutter. At least that is the conclusion judging by weekend commentary surrounding the latest US job numbers. The world’s largest economy added a disappointing 88,000 jobs in March compared with 268,000 in February.

The bears’ case is that the market has simply gotten too far ahead of itself in view of S&P 500 Index’s record high last week. The market has ignored anemic data and been rather too ebullient about data that was at best average.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles