In summary:
- Rising Italian and Spanish bond yields threaten a renewed credit crunch in Europe.
- New governments in Italy, Spain and Greece offer hope of delivering much needed structural reform.
- The US economy appears to be picking up momentum again after a summer lull.
- Equity markets offer attractive value relative to bonds, though momentum remains negative.
[download id=”13″]
Prospect Wealth Management brings the highest standards of professional investment management to the individual investor, charities and trusts.
