Central banks continue to dash the hopes of more optimistic equity investors
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Katie Martin Bear market rallies do not come draped in a banner saying “this is a bear market rally, please disregard”. Instead, these head-fake moments of levity in otherwise gloomy stock market conditions are often hard to distinguish from the real thing. Over the summer, some investors learnt the hard way (again) that this can be painful, when they grabbed the wrong end of the stick from comments by Federal Reserve chair Jay Powell and ran with it. Global stocks jumped in July…
