The fixed income market poses positive return driven by indications of slowdowns in the United States economy and economies. In particular the markets rallied on the recent troubles of the U.S. sub prime lending markets, which were expected to have deflationary effects. In equity markets a defining market will occur in time periods following last winter’s sell off in equities. This pullback was caused initially by a sharp pne day drop in the Chinese stock market and some negative economic news then coming out of the United Sates at roughly the same time periods.
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