Asian-based wealth management firm, “Sun Worldwide”, believes that the current surfeit of bad economic news may usher in a sharp bear market rally in global equities as investors bottom-pick stocks.
Sources close to “Sun Worldwide” believe that the widespread gloom currently circulating has deepened the sell-off in assets around the world and that such resignation generally tends to lead to a reversal, albeit a short-lived one.
One of the “Sun Worldwide” sources illustrated the point with a reference to the change of sentiment in property markets. She suggested that at the depths of the decline in the UK real estate market in the early 1990s, there was a deep reluctance among individuals to buy property. She compared this sentiment to the prevailing consensus on the subject of equities.
“Sun Worldwide” are thought to remain bullish on stocks in companies operating within key sectors including miners, agriculture-
