The grass isn’t always greener on the other side. Gardening and investing do have something in common!
Inflation in the US and Europe has been dropping at an increasing pace while in the UK inflation is still in double digits.
Investors’ optimism has started to wane as inflation expectations have once again changed – as an example, the latest US jobs report shows that hiring activity was three times stronger than the market expected. Big business leaders have also commented, highlighting that while the labour market is tight, they are not finding hiring as hard as expected.
Investors’ optimism has started to wane as inflation expectations have once again changed – as an example, the latest US jobs report shows that hiring activity was three times stronger than the market expected. Big business leaders have also commented, highlighting that while the labour market is tight, they are not finding hiring as hard as expected.
In contrast to the bleak returns of last year, nearly all asset classes are in positive territory for 2023. Investors are searching for the positives in any news, and this is being reflected in markets.