Goldilocks is back! Markets start 2023 in red-hot form
From stocks to government bonds, markets have had one of their best starts to the year in decades but whether the run lasts depends on a Goldilocks scenario of inflation easing, economic growth holding up and borrowing costs falling. After $14 trillion was wiped off world shares in 2022, $4 trillion has been added back this month. China’s relaxation of COVID-19 restrictions has powered Hong Kong’s Hang Seng Index .HSI to double-digit gains, while Europe’s Stoxx 600 share index enjoyed its best start to the year on record. Widespread optimism ...
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