BNY Mellon sees rise in global equities and commodities

Malvey expects the strongest outperformance to occur in the second half of the year as investors begin factoring in the resumption of economic growth in 2013 and 2014. Malvey stressed that market behaviour in 2012 should be viewed in the context of the continuing “great transition to a new conservative financial era.”  This transition marks a reversal of the increased leverage by governments and individuals in developed markets that began in approximately 1970, rose to unsustainable levels, and ended with the great recession that began in 2007, he said. Despite the current issues su...