|
Hodges believes only reason to invest along the lines of the inflation narrative, is if there is a change in market expectations that drives the level of inflation and the price of bonds upward.
“Inflation may go higher but it will not be sustainable until we have a longer-term conviction that nominal GDP growth in the US will reach a level like 4.5-5%,” he said.
“And the next quarter of GDP growth is going to be between 1.5% and 1.6% so that seems unlikely.”
The label will come into effect on the 27 November
Global climate assets up 6% in first nine months of 2024
Reluctance of platforms to allow for fractional trading means the inclusion of ETFs and trusts within model portfolio services is being constrained
88% of companies globally either raised payouts or maintained their level
Number of women in the industry increases but female representation in the 50-64 age bracket declined, according to inclusion report
Quilter Cheviot’s Andy McGlone and Evelyn Partners’s Charley Davies join the board
