Bassanese Bites: All priced? – August 14 2023
Global markets
US stocks continued their consolidation last week, after a strong run over previous weeks as the ‘soft landing’ scenario started to become the consensus call. Indeed, last week there was a sense that the good news now appeared largely priced in, with equities and bonds failing to rally much on another reassuring US CPI result. Both the headline and core US CPI rose 0.2% in July, in line with market expectations.
