Please find below our Investment Market Update as at 4th August 2023.
Welcome to our weekly update. As expected, the Bank of England (BoA) raised interest rates yet again yesterday.
Some equities are powering ahead but the broader markets are pausing, trying to understand metaphorically what weather patterns may unfold. Continuing with the theme, hopefully we won’t endure storms like the ones I recently experienced at the Open in Royal Liverpool and when playing golf on Wednesday at the Isle of Purbeck… brutal!
At the end of this update, I’ll leave you with an interesting nod to inflation with a food menu from, I believe, the early 1970s. Difficult to imagine!
- What is risk?
- Let’s look over a longer period
- A Blue Sky perspective
- Back to the UK economy
- UK manufacturing slipping into recession
- Property prices weaken
- Predicting is always difficult
- Blue Sky’s view
- Inflation and the 1970s food menu
What is risk?
This is the question we ask ourselves in our Investment Committee Meetings on a regular basis. There are a number of considerations when discussing types of risk and one risk which raises its head now and again is the risk of ‘missing out’.
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Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.