Weekly Market Commentary - 7th May 2024

This week has brought official confirmation of several recent trends. Sentiment is often hard to pin down. It evolves over time, sometimes quite swiftly, and so defining exactly how people feel about a particular issue can be difficult. This week has brought some much needed clarity on two big issues: How closely does the market’s view of inflation match the Federal Reserve’s? And, how bad are Rishi Sunak’s chances of re-election?

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