global overview

The US faces an equity correction while the emerging markets equity rally continues and the energy sector continues to exert a rising influence on global markets

US: bob doll, global cio of equities at blackrock 1 "While we continue to believe the longer-term trend is healthy, we have been calling for an equity market correction or consolidation at any point in time. At this juncture, we would argue that it is more probable over the next few weeks. "While the weight of evidence and discussion have been on the positive side, pushing equity prices up, there is another side of the ledger that needs to be addressed. "In particular, we believe the US consumer does face slower employment growth, continued falling home prices, tightening credit and hig...