The market is still expecting further interest rate rises in the UK, US and Europe. The US and EU central banks have both said that they will continue to raise interest rates. The UK is also minded to.
In the UK post-Christmas trading statements for Next and B&M are strongly indicating that the consumer still has money to spend. This may be because although we are all finding it hard, a lot of people still have savings from Covid.
Paul Coffin
January 2023
For related comment see Stock Market Review, Volatility is also an Opportunity & Inflation, Cost Push, Strikes, Wars et al
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