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Market Tips: Why the Relief Rally is Done

CNBC.com
Tuesday, 13 Oct 2009 | 5:06 AM ET

Global stocks were mixed Tuesday, with European shares down ahead of company results this week from bellwethers as Intel, General Electric (CNBC's parent company) and Goldman Sachs. But Asian stocks rose to 14-month highs.

Experts told CNBC that as gold reaches new record highs, the relief rally for equities is over, unless we see strong corporate earnings.

The Relief Rally is Over

The relief rally is behind us, says Daphne Roth, head equity research, Asia at ABN Amro Private Banking. She reveals how she is investing in light of this.

Markets May Consolidate at Current Levels

Unless we see more evidence of improvement in the economy and corporate earnings, markets may consolidate at current levels, warns Norman Chan, CIO at Banyan Asset Management.

Taking Advantage of Global Growth

Smart U.S. companies that have a good strategy for supporting global growth will succeed, says Daniel Frishberg, chief investment strategist at LafferFrishberg.com.

Inaccuracy Likely with US Earnings

Earnings out of the U.S will not be reported accurately, says Daniel Frishberg, chief investment strategist at LafferFrishberg.com.

Profit Growth Seen

Investors will get more profit growth in the coming quarters, rather than this quarter, says Chris Caton, chief economist at BT Financial Group.

Keep a Close Watch on the USD

If the greenback continues to weaken, that would bode well for the U.S. and Hong Kong equity markets, believes Vicks Poon, head of investment advisory at Fubon Bank.

Asian Equities Losing Attractiveness

Interest in Asian equity funds is starting to weaken, notes Daniel McCormack, equities strategist at Macquarie Securities. He tells CNBC why he is worried about this.

Don't Pull Out Recovery's Rug

We need to ensure we don't "pull the rug out" from underneath the recovery, says Australian treasurer, Wayne Swan. He speaks to CNBC about the risks he sees for the Australian economy.

Aussie & Kiwi Not Overvalued

The Australian and kiwi dollar are not as overvalued as they appear, says Kathy Lien, director of research at GFT Forex.

Bargain Hunting in Indonesia

There are still bargains to be had in Indonesia, says James Hay, founder of Pangolin Investment Management. He reveals where he is finding value there, as well as elsewhere in Southeast Asia.

Bullish on Gold

Gold trade looks bullish still, says John Licata, chief investment strategist from Blue Phoenix. He speaks CNBC about the commodity sector.

Driving Commodities

The continued weakness of the greenback drives the commodity space, says Kevin Curran head of dealing at Foster Stockbroking.

Improving Risk Appetite

Stuart Feffer, co-CEO of LaCrosse Global Fund Services, says risk appetite is improving and there are early signs investors are seeking new fund information. He speaks on the challenges facing the hedge fund industry.

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