The recent rally in equity values has come to an abrupt halt as investors’ short-lived expectations that the US Federal Reserve will not continue to raise interest rates at the same magnitude as previously turned out to be false.
Although economies are not yet in a state of stagnation, the news certainly is – inflation still rules the headlines, as it has done for much of the past year.
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In line with European anti-money laundering regulations, HMRC now require most trusts to be registered with the Trust Registration Service (TRS).
While markets are down and are now firmly in “bear” territory, after every bear market in history markets have recovered and have risen above their previous level. What is unknown is how long the duration of the bear market will be, and how long any subsequent recovery will take.