A week of relatively disappointing economic new

March 20, 2024

A week of relatively disappointing economic news...Retail sales so far in 2024 have failed to impress while inflation has crept back upwards.

This latter point is the crucial metric. What to expect? Wages are increasing at a relatively brisk clip, budget deficits are expanding, and the overall economy remains vulnerable to an energy price crunch. None of which is good news for interest rates, which is - at the moment - the most important factor affecting the equity markets.