Brass believes markets still have ground to make up

Fidelity manager discusses opportunities in the US following March market lows

After the strong rebound from the March market low, Fidelity American Special Situations and Fidelity Funds America manager Adrian Brass discusses whether the rally is sustainable. How did these problems start and has enough been done to sustain the economic recovery? Arguably, the problems started with the bursting of the US housing bubble. Banks found themselves with huge property exposures and, as house prices fell, those lower asset values led to losses, which led to further house-price falls and further losses. There was a domino effect where the solvency of major financial inst...