Signet Bank Market Review 11/2022
Signet Bank has published their monthly Market Review for November 2022.
October’s good mood did not disappear in November, as equity indices continued their steady advancement, while US dollar and benchmark yields retreated. It is possible that market participants are betting on the point of maximum pessimism being already behind us, as inflationary pace has somewhat slowed and politicians and bankers have started talking about reducing the speed of interest rate hikes. Moreover, expectations rise that the upcoming recession will either be avoided, or will prove to be short-lived and mild and will not provoke a significant rise in unemployment or a sharp drop in demand, and recently announced stuff cuts by such giants as Amazon, Meta, Google and Twitter will not spoil the party.