Taking Stock | Diary of an Investment Manager | Quilter Cheviot
This is an excerpt from David Henry’s latest Diary of an Investment Manager newsletter. In the article he focuses on the recent inflation data out of the States, and the subsequent rally for stock markets. The full article can be read here… Taking Stock – was that it?
“From a few weeks ago: “I continue to believe that the path for inflation is the number one question for the markets right now. If (when?) inflation shows signs of abating, that could be the cue for markets to stage a recovery. Maybe central banks will ease up on the hawkish rhetoric. Or company earnings this time around will prove to be better than expected. Who knows what the catalyst will be, or if we even need one?”
We might have just got our catalyst. Earlier this month a lower than expected inflation print in the US triggered a big intra-day up move for markets – particularly in the States. The US benchmark index was up by 5.5% on the day, which although undoubtedly a historically chunky move, does not quite provide a new entry into the top ten single up days since 1969.
The value of your investments and the income from them can fall and you may not recover what you invested.
