Hello copiers and welcome new recent copiers. I cant believe the of February is already here. As we tail of this month we finish pretty flat at around -0.10% with +7.5% for the year to date.
We saw new data come through today showing consumers spending in the states fell last month whilst inflation showed more signs of levelling out with the core personal consumption expenditures price index rising 0.3% from December. This makes it the lowest annual rise since 21’.
On this side of the world, we saw another drop in UK interest rates by the BoE with a 0.25% cut. We’ll see what will happen in March’s meeting and what the upcoming UK data looks like. I want to move more of our portfolio into Europe and the UK over the coming months to take advantage of the potential I’m seeing here in certain industries.
The key thing I’m currently watching closely is tariffs and what final outcomes and retaliations may occur, and the consequences on some of the stocks we hold. I don’t like to guess and assume, so we’ll wait to see what actually happens before making any long term strategic decisions. One thing that looks positive though
I’m also going to start doing more micro posting here each week on key events and topics surrounding our holdings. A once a month touch point has been something Ive trialed for the last 8 months or so but feel going back to more regular posts will be more engaging for copiers.
All the best
Michael... Show More
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