psaTrading
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In recent sessions there has been an appreciation and overperformance on assets with higher risk. This pattern does not mean that the risks that hit the market during the months of August and September have disappeared. It was the perception of investors in relation to these issues that has changed. Perhaps now investors believe that the Chinese GDP growth will slow down (to about 6%) but not collapse. On the other hand, in relation to US interest rates, investors begin to discount that its growth will only occur in 2016, so it is no longer so much uncertainty. Therefore, in the short term, one should not exclude a retreat of the major global indices but this correction will only be a natural movement after the strong gains of the last few days and should not represent a new change in investor sentiment.