Investment Weekly

Chart of the week – Climbing the wall of worry

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Markets have navigated exceptionally turbulent waters over the past few years, contending with a once-in-a-century pandemic, commodity price spikes, and a breakdown in the established rules-based global order. Yet they have shown impressive resilience. This is being demonstrated once again as the S&P 500 inches toward the 8000 level despite the headwinds of high oil prices, a hawkish Fed, surging bond yields and increasing focus on existential risks posed by AI.