Why the $9 Trillion Stock Rally Is Beginning to Look Tired
- Momentum indicators in Asia and Europe are flashing concerns
- Global equities have soared about 15% in just under two months
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With more than $9 trillion restored to global stock markets in less than two months, investors are questioning if the rally has more legs.
“Prices may have come too far, too fast,” said Bob Doll, senior portfolio manager at Nuveen LLC, which has about $930 billion in assets under management. “Markets could be due for consolidation or a pullback.”