Opinion
Why you should be sceptical of the market rally
Investors are ignoring geopolitical and inflation risks and have swallowed the “immaculate disinflation” thesis hook, line and sinker.
Christopher JoyeColumnistAs we turn to focus on 2024, the biggest questions surround the vicissitudes of goods and services inflation coupled with burgeoning geopolitical risks as the world continues to cleave into competing authoritarian and democratic blocs led by China and the US.
Foreign hazards have been underscored by the tragic conflicts in Europe and the Middle East – pitching the Ukrainian and Israeli democracies, on the one hand, against the kleptocratic Russian dictatorship and terrorists backed by the misanthropic Iranian theocracy, on the other.
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