Momentum rules now but not for ever

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Context is everything. November interest rate increases by central banks in the UK, US and Europe ha...

Context is everything. November interest rate increases by central banks in the UK, US and Europe have been greeted with near unanimous approval. Despite the continuing prospect of strong economic growth (reflecting in the UK by the recent upward revisions from the Treasury) current inflation data remains benign. This is the most fortuitous combination for financial markets and clearly underpins both the current rally in bond prices and the enthusiasm for growth stocks. With investor sentiment turning more bullish the FTSE All-Share Index is mounting a strong challenge to its previous a...

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