Was Budget 2014 the UK's 401k moment?
On the one hand, economies are recovering, unemployment is falling, housing prices are on the up, and market interest rates have moved materially off their lows.
It is a short-term trend, but a notable one nonetheless: some of last year's biggest equity market gainers have seen sizeable pullbacks in recent weeks.
Invesco Perpetual's Mark Barnett says uncertainty about the strength of economic growth in emerging markets, especially China, is still proving a headwind to global growth and influencing his portfolio choices.