This month opens with a strategy piece by Alastair George, who believes that global markets appear to be processing incoming data one step at a time. The first step was to acknowledge that monetary policy will need to be tighter than expected as inflation has surged. This has pushed long- and short-term interest rate expectations higher. In Edison Group’s view, equities will represent a better risk/reward when earnings forecasts have bottomed. Edison now has c 400 companies under coverage, of which 106 are profiled in this edition.
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