Global equities are up 13% after steep falls in 2022. Technology companies are also doing well. Read more:
Global equities are up 13% after steep falls in 2022 when equities were down 20%. Technology companies have been running hard while in 2022’s winners, such as consumer staples, healthcare and energy shares have taken a breather. However, investors remain concerned about a looming US recession affecting equity markets. But there is no correlation between GDP growth and stock market performance.
Truflation provides independent, daily economic data and price indexes. Its algorithm tracks the daily prices of goods and services. US Truflation of 2.4% is 1.6% below the official inflation data. Inflation will trend lower.Investors have been worried that US stocks were too expensive. The Price/Earnings ratio for the S&P 500 shows this is no longer a concern as valuations have derated.
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