“The ‘taper tantrum’ is over: markets have retraced much of their post May 22 sell-off, with US equities reaching fresh all-time highs,” write Deutsche Bank strategists in their latest “House View” report.
The chart below shows returns in various key markets around the world – year-to-date, since May 22, when Ben Bernanke’s congressional testimony sparked a big sell-off, and between May 22 and June 24, when the brunt of the sell-off occurred.
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