It is looking scary for a market where couple of months ago nothing could go wrong, now it looks like nothing could go right.
This is why sentiment is so hard to forecast. Things change quite a bit and who would have thought, what is happening in Ukraine will happen and will lead to such a sharp spike in commodity prices? It has increased inflationary pressures and clearly the rest has followed and that is why we always say that equities are extremely hard to forecast in ..
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