The poor macroeconomic performance in the European and US economies is creating a wave of buying in the equity sector.
The interpretation is simple, if the US labour market is slowing and the European economy is not growing or is in recession, not only is a rate hike by central banks much less likely, but there is also speculation that interest rates may need to be cut in a few months.
This, together with the crude oil market that has been in place for weeks, inflation is seen as something that has happened.
However, it would not be the first time that the message is being misinterpreted by the markets, caution.
Here are the keys to the current scenario in today’s video update.