Global equity markets have suffered their worst first half since 2008, while top-tier government bonds and gold have reaped solid returns.
The performance of markets during the first half of 2010 is a tale of two quarters as equities and commodities enjoyed a strong start to the year, only to falter sharply in April when the debt problems in the eurozone erupted.
“The first half of the year is dead and it nearly killed a lot of market folks, so we’re keen to see it behind us,” said David Ader, strategist at CRT Capital.
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