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Weekly Market Comment – February 18th

Global equity markets continued their rally, rising for the eight week in succession.  The market is taking slowing earnings growth in its stride and  market participants are pointing to the easing of trade tensions between US and China as the catalyst behind the rally.  This is a factor but valuations may also be a driver with the dividend yield on global equities today higher than the yield available on a ten year US government bond.

 

– Niall Dineen

Investment Team Leader