As markets swing around with the inconsistent pronouncements of central bankers who appear to have no idea what is driving inflation, what the next set of data will be, nor why trends are what they, we can only stick with fundamental facts in deciding on what assets to buy.
I have been talking positively about UK equities with subscribers over many months now because although the news media would have you believe that the UK economy is pants, with good reason, there are plenty of UK businesses that make good profits irrespective of what happens to UK GDP, how many refugees arrive on boats or which stock market a global company chooses to list its shares.
This quote from Allianz Global Investors (courtesy of Citywire) says it all:
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