QUARTERLY ECONOMIC AND INVESTMENT UPDATE - CONFERENCE CALL

Investment Notes
You are welcome to listen to our quarterly economic and investment update, recorded on 11 January 2024, with the following contributors from London Wall Partners (“LWP”):
  • Ian McCafferty, CBE, former member of the Bank of England's Monetary Policy Committee and member of the LWP Investment Committee;
  • Stuart Fowler, Investment Director of LWP; and
  • Nick Fletcher, Senior Partner of LWP and Chairman of the Investment Committee.
In summary, it was agreed that the markets finished 2023 on a positive note in light of potential interest rate cuts in 2024. Ian expressed his view that markets appear to be expecting the best of all possible worlds, and it is not inconceivable this might be right, but the odds may be against this; Stuart highlighted the stock market’s enthusiasm for obesity drugs, notably those launched by Novo Nordisk and Eli Lilly, while also dissecting some lingering pandemic-related issues affecting certain businesses. This was supplemented by an update on performance of the funds we recommend; Nick re-emphasised the risk / reward opportunity of short-term bonds and the prospective changes in the forthcoming budget on 6 March, which may offer the opportunity of a review of clients' estate planning strategies.
 
Download the transcript by pressing here.

The information, data, analyses and opinions in the conference call are provided solely for information purposes and may not be copied or redistributed; neither do they constitute investment advice offered by London Wall Partners LLP and therefore references to specific sectors and securities are for illustration purposes only and should not be taken as a recommendation to buy or sell these sectors or securities.  All statements of opinion or belief, and all views expressed in the conference call represent London Wall Partners LLP’s own assessment and interpretation of information and data as at the date the same are made and no representation is made, or assurance given that such statements of opinion or belief or views are correct.  Recipients of such statements of opinion or belief or views must determine for themselves what reliance (if any) they should place on such statements of opinion or belief or views, and no responsibility is accepted by London Wall Partners LLP in respect thereof.  London Wall Partners LLP expressly disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the information, data, analyses, statements of opinion or belief or views in the conference call. Investments fluctuate in value and may fall as well as rise and investors may not get back the value of their original investment.  Past performance and forecasts of financial markets, any investment, sectors or specific securities should not be used as a guide to future performance.

Internal reference: 240005