The rally of the past month has been impressively broad, John Authers notes in his latest Short View column and video. More impressive still, it has been achieved in spite of a string of awful superlatives,  According to Moody’s, March saw the most global speculative-grade defaults in any month since the Great Depression. ThomsonReuters says the consensus of brokers’ analysts now predicts that earnings fell for all 10 of the main industrial sectors covered by the S&P 500 index. And Standard & Poor’s reckons the first quarter was the worst for US dividend payments since its records began in 1955.

This entry was posted by Stacy-Marie Ishmael on Thursday, April 9th, 2009 at 4:50 and is filed under Capital markets. Edit this entry.