Can this stock market rally last?

Markets may be rallying at present, but they are still long overdue a 10% correction. Are current highs those of a market which has reached its top? The RH Asset management team check the indicators.

The situation is that the stock market tops set in February remain secure. However, the markets, having fallen 7% (FTSE 100) and 8% (Dow Jones Industrials), are now enjoying a good rally. They have been helped this week by the latest Fed interest rate decision and the changes in their associated wording which point to a more likely easing than tightening. As the news was announced and the wording digested, so the Dow led markets higher, closing up 159 points on the day.

Why markets are destined for a correction

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