UK Inflation at 3 ½ year lows, UK unemployment at 4 year lows and the currency is at 3-year highs. In fact, the pound is posting is best 7-month period since the 17% posted in March-October 2009, when global markets were ignited by joint BoE-Fed quantitative easing to the benefit of risk currencies such as GBP. Lower inflation usually implies a weaker currency, but in the case of the UK, the steady decrease in CPI has occurred in tandem with the sharpest decline in unemployment since the late 1990s.
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Most major global central banks are turning increasingly hawkish to the detriment of your bonds and equities. Recession concerns are growing, while collateral effects from the war in Ukraine continue to pile up. As a result, investors need to take a step back and reevaluate their portfolio strategies and tools to ensure they're aligned with evolving market conditions. That's why I'm so excited to be speaking at The MoneyShow Orlando, October 30 - November 1, 2022, at the Omni Orlando Resort at ChampionsGate. I can't wait to share my best guidance for this challenging environment with you. Plus, I'll be joined by Steve Forbes, Stephen Moore, Ed Yardeni along with dozens of other world-class market experts.
These are precisely the kind of seasoned professionals who are eager to share their advice on how you can protect your nest egg and profit from market volatility. There is no market condition we have not experienced before...and survived!