Under-invested investors would be inclined to join the roaring rally if they expect economic growth and jobs to hold up and inflation to come down solidly and consistently toward the Fed’s 2% target. — Reuters
THE traditional favourable start to financial markets in 2023, due to investor fund inflows that typically accompany the new year, has been turbocharged by data pointing to a greater possibility of a soft landing for the US economy and, most recently, the signals coming out of the Federal Reserve (Fed).
The generalised price rally has been so quick and so big for both stocks and bonds that it raises an interesting question for under-invested investors who have not yet put their money to work. What they should do correlates closely, but not entirely, to their economic and policy views.
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