Katie Martin: Danger in the market as punters drop rational base for “market just wants to go up”
Despite the looming threat of sustained high interest rates, the pervasive belief that "the market wants to go up" remains influential. This optimism, though simplistic, is reflected in rising risk appetites and market highs, even as analysts caution against potential shocks from economic growth or rate changes. The juxtaposition of market exuberance and economic uncertainty is set to shape financial behaviour throughout the year.
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By Katie Martin
The widespread belief that the stock market just wants to go up is conflicting with the prospect of higher-for-longer rates
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