Monday Macro – Bears on the rampage
Plus international travel in the doldrums, the digitisation of everything and the investment dashboard flashes bright red - but note the low PE on the Faangs
What a surprise!
As worries about ever more lockdowns in China rocks Wall Street, investors are also waking up to the increased risk of a big hike in interest rates. Maybe another Volcker moment? That’s the subject of my Citywire column this week and as I say in that piece, I think the chances of interest rates smashing past 5%…
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