U.S. inflation data to fuel stock market rally

The latest U.S. inflation data will keep the global stock market rally on track, affirms the CEO of one of the world's largest independent financial advisory, asset management and fintech organisations.

The bullish observation from deVere Group's Nigel Green comes as it was revealed Thursday that U.S. headline consumer inflation slowed to 6.5% in December from 7.1% the previous month.

"The data confirms that inflation is finally being tamed, which means there's a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the world's largest economy," he says.

"The news is fuel for the markets, despite the fact that core inflation, which excludes food and energy and which is seen as a better signal than the headline measure, is still well above the Fed's target.

"We expect the latest U.S. inflation data will keep the global stock market rally on track."

World stocks rallied on Monday to their highest levels since mid-December. It comes on the back of last week, the first of 2023, also ending in positive territory.

Earlier this week, Nigel Green told the media that "economic 'peak opportunity' might come late in the first quarter. The second quarter of the year might see risk assets start to price in a cyclical upturn in the G7 economies."

On the back of the fresh U.S. CPI report, the deVere CEO notes: "Sensibly, investors are already pricing in far more favourable conditions in 2023, and this new data will confirm their convictions."

He goes on to add that the sectors, such as tech, that have "fallen during the Fed's tightening will likely do the best in the recovery rally."

The deVere CEO concludes: "The markets now await the next FOMC decision on interest rates, but until then, the rally is set to continue."


The deVere Group of Companies, is licensed in various jurisdictions, however, the products and services offered by the respective entities may vary per jurisdiction. The deVere Group does not warrant, either expressly or implied, the accuracy, timeliness, or appropriateness of the information contained on this website. The deVere Group disclaims any responsibility for content errors, omissions, infringing material and any responsibility associated with relying on the information provided on this website. For more country-specific products and services offered by the deVere Group of Companies, you may wish to visit the specific national deVere website, if and where available. The information contained in this website is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved and your country of residence. Before making any decision or taking any action, you should consult a deVere Group Financial Advisor.

© 2010 – 2023 deVere Group. All rights reserved.

© 2010 – 2023 deVere Group. All rights reserved.

Tell Me More

What are you looking for?

Best Investments Now

Webinar Feb 10th - 9.15CET

Join deVereGroup CEO Nigel Green to stay informed about the best ways to grow your wealth As the economic landscape continues to evolve, it has become increasingly important to stay informed about the best ways to grow your wealth