Mid June is a good time to reflect on progress at mid-year. What is striking is that first quarter p...
Mid June is a good time to reflect on progress at mid-year. What is striking is that first quarter projections for many markets, areas or issues have proved wrong or off course, and many investors are holding opinions exactly opposite to their earlier views. Less than a month ago, markets were bit by a 50 basis point hike of the US Fed Funds rate, and investors were fully expecting more punishment when the US Federal Open Market Committee, met again at the end of June. But the data coming out of the US has suggested the economy is slowing rapidly, and there may be no need for further rises...
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