The S&P 500 saw its biggest gain in more than a month on Thursday, supported by technology stocks and strong GDP data.
Wealth managers are positioning clients' portfolios cautiously this quarter amid expectations of a setback for equity markets, despite growing appetite for risk among investors.
Japan's Nikkei index slid for the second day in a row on Tuesday, after weak economic data in the US made investors wary of taking on risk.
Warren Buffett's Berkshire Hathaway is set to miss its five year performance target for the first time in over four decades.
A year hyped as the start of a great rotation from bonds into equities actually saw more of a trickle out of fixed income, but it was not plain sailing for bond funds.
Japan's Nikkei fell for a second day overnight, while indices around the world also moved lower, as investors pull money out of the market on fears of imminent tapering by the US Fed.
Legg Mason's Bill Miller is struggling to find the ‘extraordinary' value in the US he did last year, and said equity markets could rise even higher in 2014.