Good morning from Paul amp; Graham!
US interest rates - interesting news overnight, from the US central bank, indicating the likelihood of 3 interest rates cuts (of 0.25% each) in 2024, because inflation is now largely under control, albeit still above the arbitrary 2% target. This helped power the Dow to a new all-time high. It seems like a different world to UK small caps! Although looking at some of the early risers this morning here in the UK, I can see quite a few are interest-rate sensitive, highly geared companies like Mobico (LON:MCG) and S4 Capital (LON:SFOR) - maybe we'll see a dash for trash, as investors worry less about high gearing? Who knows.
Explanatory notes -
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