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Capel Cure Sharp warns present economic cycle no different from past

Fund manager Capel Cure Sharp is warning investors that the current economic cycle is likely follow the same pattern as past ones.


In its latest portfolio strategy it says: “Economies expand, they reach the point eventually where inflation accelerates and the monetary authorities expand by raising interest rates.”


It says the US bond market is having second thoughts about inflation and interest rates and believes bond yields are likely to rise and equities are set to trade sideways.

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