GCISinger Macro Monthly: reasons to be cheerful for 2024
Vox Markets speaks to Singer’s Jamie Constable about why more short-term inflationary pain may soon give way to tailwinds for markets and consumers.
0:26 Starting 2024 with optimism with the recent jump in UK inflation likely to give way to falling inflation from April.
2:28 Why the market is still reacting to short term data rather than the improving outlook and the possibility of sub 2% inflation.
4:42 The situation in the Red Sea and why its inflationary impact could be overstated.
6:63 Other tailwinds for confidence, including falling interest rates and political giveaways in the March budget, and why Singer favours low-ticket retail and housebuilders.
9:07 Why we shouldn’t be too worried about weak December retail numbers, and how stock selection is once again becoming increasingly important.
10:38 The shift from buying physical goods to buying experiences such as holidays, and why media could be a sector to watch this year as ad spending recovers.
12:43 How recent recruitment sector weakness could present a buying opportunity.
14:41 The end of free money and the long overdue return of the business cycle which could favour capex-led stocks.
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