Is a global market correction on the cards?
the remarkable recovery in markets since the pandemic lows in 2020 have fuelled renewed jitters that some form of correction is imminent. Because the economic reality does not justify present valuations.
Fears rest on the growing impact of the Covid-19 Delta variant, the most contagious up to now, as well as indications that the US Federal Reserve may soon start “tapering” its quantitative easing programme. Sterling company results, on the other hand, supported markets in the second quarter, with more than 80% outperforming consensus
