Investors continued to focus on rampant inflation and, in turn, potential changes in monetary policy settings.
By month end, five interest rate increases in the US had been priced in to markets; a more aggressive tightening in policy settings than had been anticipated previously.
These evolving expectations saw bond yields rise in all major regions – resulting in negative returns from fixed income markets – and
spooked share markets. Major equity indices in the US, Europe and Australia all closed January substantially lower.
A rally in the second half of the month helped global share markets generate solid gains in January, extending the rally from November and December.
Recent research shows why giving to others can provide us with a mental boost. We feel happier when we have a choice in how and who we give, and when we see the results of our generosity.
Investment markets have shown a lot of enthusiasm for AI and Chat GPT technology. AI productivity gains could boost economic growth and
share market performance across the world.