Trouble lies ahead – but also opportunities

After the recent rally, we may see significant falls in share prices. But Martin Spring believes that could lead to some good buying opportunities, despite the weakness of the global economy.

Equity markets have risen strongly since early March; bonds have weakened. Now there is a loss of momentum. Is this just a pause in the first phase of a new bull market for stocks or is it the start of another down-leg in an ongoing bear trend?

Four factors have been driving up share prices:

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