A Bear Rally Amid Hopes (again) of an Inflation Peak
Shares are up, but NAB’s Ray Attrill describes it as another bear market rally. Meanwhile, as inflation continues to rise the question being asked again is, have we peaked yet?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 19th October 2022
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Equity markets have managed to climb again in the US, supported by earnings results, although NAB’s Ray Attrill describes it as a bear rally. There is still plenty of uncertainty around, evidenced by moves in bonds, in all directions. The BoE drove some of the movement when they announced they would resume bond purchases next month, on schedule, despite the diversion last week. New Zealand’s inflation numbers yesterday surprised on the upside, which begs the question, will we see the same with CPI for the UK and Canada today?
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