higher in December than a year earlier, the increase was slightly lower than in previous months. As a result, investors have lowered their expectations for future interest rate hikes. Equities have recovered: the S&P 500 benchmark of leading stocks is up more than 5% in the past three months, boosting the paper wealth of many Davos executives and financiers. One prominent investor argued markets now offer more opportunities for buying what he calls QARP, or quality at a reasonable price.
Yet it’s worth remembering that Davos, Inc does not reflect the world economy. Most of the corporate chieftains shuttling between meeting rooms, cocktail parties and restaurants this week mostly lead global businesses whose geographical spread and access to capital markets better equips them to weather economic shocks. Small- and medium-sized enterprises, which have fewer such buffers, are barely represented.
We are amidst deep crisis and these people are digging to find positives. Why not accept the situation and strive towards finding amicable solution.
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Source: MarketWatch - 🏆 3. / 97 Read more »