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27 Mar 2015
Markets in a snapshot - BAML
FXStreet (Guatemala) - Analysts at Bank of america Merrill Lynch gave a snapshot of markets in general noting the "Dollar shock" drives 2015 returns.
Key Quotes:
"Stocks +3.2% (led by Japan, US & EM underperforming); bonds -0.9% (only the highest of yielders, HY & EM, in positive territory); commodities -3.0% (but gold +1.7%); US dollar +7.9%."
"Note last time gold & dollar appreciated sharply same quarter = 2Q10 = end of QE1 (stocks -12%, industrial metals -18%)."
Key Quotes:
"Stocks +3.2% (led by Japan, US & EM underperforming); bonds -0.9% (only the highest of yielders, HY & EM, in positive territory); commodities -3.0% (but gold +1.7%); US dollar +7.9%."
"Note last time gold & dollar appreciated sharply same quarter = 2Q10 = end of QE1 (stocks -12%, industrial metals -18%)."