Deceptive spring fever in capital markets: It will not work without a recession
London, 14 March 2023. The capital market year promises spring fever, which Mark Hoffmann, Portfolio Manager at Robus Capital, assesses as deceptive. Consumer confidence has proven more robust than suspected during the holiday shopping season, and energy prices are increasingly easing as well. “It’s too early for spring sentiment. In the U.S. and Europe, inflation is continuously weighing on high levels. Even if central banks are still acting cautiously in view of the fragile economy, they will solve the problem. It remains to be seen when, but they will certainly act with all the necessary rigor. It won’t work without a recession,” says Hoffmann. The full Press Release can be found here.