Markets are poised for the strongest year finish in decades, anticipating early rate cuts and upside in 2024. Meanwhile consumers wrestle with wages falling behind costs, while businesses struggle with debt. The gap between expectations and reality is simply too wide – and will become increasingly apparent.
A Morning Porridge Special: Realisations, Resolutions, and Goals for 2024. It’s a New World.
The UK’s IPO market is dead and buried, slain by markets, relativity, distortions, a lack of ambition, and out-right incompetency. But the UK remains competitive, inventive, innovative, and entrepreneurial – how can we kick start IPOs?
Revelations about corruption at the heart of the UK government during Covid will hardly come as a surprise.. Unhappy voters will demand changes. Time to make some examples “pour les encourage les autres”!
The Fed is going soft, while the ECB and The Bank remain tough on rates and inflation. The market is watching the numbers, but the critical element is the need to normalise real interest rates to restore the functionality of the market economy.
Nations succeed because they are ruthless in pursuit of their goals; good and bad. Western politicians have decided the big issue is illegal migration – making it conditional and a priority in front of the really important challenges around growth, stability, geopolitics and avoiding conflict. Its Political Failure of the Worst Kind.
Market predictions are hostages to fortune. Keeping an open mind and being adaptable is an alternative – but means missing the long-term benefits of conviction trades. This morning Bill and Julian demonstrate why markets exist: perspectives differ!
There is a lot of doom and gloom out there – but we really shouldn’t flaff about how bad markets may get in 2024! Its just the downturn of the business cycle! Realising that’s what it is means the bottom is approaching… but not without some peril!
The following letter is being sent to object to CEMEX and Persimmon digging a massive quarry in the centre of the village of Hamble in Hampshire. It will create enormous health, safety, environmental and economic risks. Its also an affront to carbon emissions and unsustainable. Please write to your MP about it! Its corporate greed vs local democracy and the enviroment.
2024 is not shaping up to be a vintage market year. It will be difficult, uncertain and confusing. There is a speedbump coming! However, there are plenty of hopeful signals about long term stability, growth and recovery. Just… not yet!
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The Morning Porridge is not investment advice. It is market commentary based on discussions and information gathered from multiple sources believed to be reliable. No guarantee is given for its accuracy or completeness. It is not an offer to buy, sell or solicit investments or securities. The author may have a position in companies or institutions discussed in this commentary.
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