Asian markets finished higher on Friday while major western markets were closed for a holiday.
The Nikkei 225 rose 0.5 percent while the Shanghai Composite rose 0.6 percent.
Meanwhile, the stock market rally remains at risk, said Mark Avallone, founder of Potomac Wealth Advisors.
Avallone said that while accommodative central bank policies around the globe are keeping the stock market rally alive, slowing and uneven global growth is a risk to markets.
"Valuations are reasonable, but absent a catalyst for growth, it appears that the majority of 2019 gains have been realized," he wrote.
Similarly, John Tobey said that economic growth has slowed even as the stock market is rallying.
Tobey suggested that if "growth continues to slow, another bear market leg is a real possibility".
No comments:
Post a Comment