Economic numbers have continued to
show progress in both the US and Europe.
This bodes promisingly for a more
sustainable economic upswing than
generally accepted. This turn of events,
when coupled with the significant steps
made towards solving the eurozone debt
crisis, has worked to the advantage of
those asset classes sensitive to economic
cycles. For instance, equities, carry-trade
strategies and high-yield corporate bonds
have been generating handsome gains.