Dit artikel wordt u aangeboden door RBC BlueBay Asset Management.

Roaring kitty, purring markets

Kitten

The ‘meme stock’ phenomenon was back with a bang this week

Key points

  • An in-line US CPI release brought relief to markets and helped a risk asset rally.
  • Evidence of slowing consumer demand notwithstanding, additional data will be required before the FOMC is likely to start cutting rates.
  • Expectations are that a June cut by the ECB is a done deal.
  • Inflation data in the UK remains high, dampening enthusiasm for rate cuts.
  • As risk assets continue to rally, we think it appropriate to maintain discipline and look to reduce exposure on strength.

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