Monday Macro - The Bulls are back

Why the risks of a geopolitical recession are receding plus the UK isn’t that expensive a place to live based on cost of living measures

As I mentioned last week in a Citywire column, 2023 wasn’t supposed to start like this - or at least that’s what I thought. I have argued that Q1 2023 would involve a painful re-adjustment process as investors notch down their expectations for profits as we head into a slowdown or recession.

Well, that hasn’t happened.

Since the beginning of the year, th…