[NEW YORK/SINGAPORE] April’s rally in risk assets has weathered stalled peace talks, signs of resurgent inflation and a central-bank succession drama. Investors may be about to find out if the speed of the advance itself poses a threat to a further ascent.

Global equities enter the week at or near records, with the S&P 500 up almost 10 per cent since the end of March, putting it on pace for the best monthly advance since late 2020. Treasury yields fell on Friday (Apr 24) as the closing of a Justice Department probe of Fed chief Jerome Powell cleared a path to Kevin Warsh’s confirmation, boosting bets that the central bank could resume cutting interest rates before the year is out.

https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/record-setting-momentum-rally-drawing-doubters