Investors cautious ahead of rate announcements this week

Market Review week-ending 23rd January 2023 from Realm IM

Global stock-markets were generally higher last week despite some disappointing fourth quarter earnings from major US companies including Microsoft, IBM and Intel. Equities were higher on growing optimism that a recession in the US might be milder than previously expected (Bank of America), or avoided altogether (Goldman Sachs), and that the Fed may be able to pivot on monetary policy later this year as inflation cools fast.

Leading indicators do not necessarily confirm the more optimistic views. The Conference Board reported that its ..

Full report: