State of Play. 9 November 2023
Battle of bulls and bears
All central banks chose to pause interest rate rises last week. How will markets react upon reflection and what can investors expect? Those who look for opportunities and positive outcomes are often described as ‘bulls’ and others who expect the worst are called ‘bears’. Where do these terms originate from and what do they mean? Given that current economic data and company earnings are mixed, pointing to uncertainty, who will win the battle in the months ahead?
Simon Durling, Santander Asset Management UK’s senior investment specialist shares his thoughts in this week’s State of Play.