The correction has been almost completely erased but it is a bit worrisome that core bond yields didn’t climbed back to their previous levels when equity indices were at the same levels as they are now. If we assume the subdued yields are the indicator of lackluster growth then it is not a good sign for equities.
Another interesting development was the pickup in gold where a downtrend might had been broken – I think it might be mainly because there is a huge amount of liquidity in the system and with some growth the inflation will most likely edge up in the world.

After months of huge outflow – which is still going on – the global emerging markets have been able to significantly advance and keep the pace with core markets. Based on surveys it hurts most investors due to huge underweights so there is still upside.

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