Sustained Rally 'Difficult to Believe,' GAM Says

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GAM Investments' investment director, Paul Markham, expresses skepticism about the sustainability of the current relief rally in US stocks and bonds, citing concerns that the rally may not be long-lasting. The rally was triggered by a decrease in fears of a protracted US-Israeli war against Iran, which had previously caused significant moves in oil markets. Markham's comments suggest a cautious outlook for the market, indicating that the current rally may be short-lived.

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Sentiment
Bearish
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80%
Time Horizon
Short Term

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Paul Markham, investment director and global equities head at GAM Investments, discusses the relief rally in US stocks and bonds is extending for a second session after fears of a protracted US-Israeli war against Iran triggered seismic moves in oil markets. "The idea that this will be a sustained rally from here, for me is quite difficult to believe," Markham tells Bloomberg Television. (Source: Bloomberg)

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Original article published by Bloomberg on March 10, 2026.
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