Rally continues as investors hope for a soft landing
Equity markets continued their impressive start to the year on growing hopes for a soft landing, gaining in four of the five weeks.
It is the time of year for making lists and checking them twice, and this month’s economic review will be used for exactly that. For our purposes, economic indicators making the nice list will be those which are still driving growth (centered on consumer data), while the indicators getting a lump of coal in their stockings (including inflation and leading growth indicators) are contributing in some way to a slowdown or eventual downturn.
• Economic data are both naughty and nice entering the holiday season (pg 4)
Market momentum builds to year-end (pg 5)
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