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Consensus is clustered around a trilogy of lower inflation, rate cuts and continued growth. Is the market beginning to question this benign path?
The first quarter saw a strong rally in risk assets amid increasingly widespread optimism. Yet April hints the path to a soft landing has narrowed, and, at this altitude, investors risk being more exposed to a shift in the wind or a decline in visibility. This creates a potentially unforgiving environment for risk assets.
Thursday 9th May 2024
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