Are investors confident for Q2?

Banking crisis had an impact

2023 started well: equity markets were on the way up, inflation was falling and economic numbers were looking better.

That changed in the middle of last month with the near collapse of Credit Suisse, which we have subsequently learned was only one day away from failure before UBS agreed to take it over. Markets have picked up again since, but have not fully recovered from the hit in March. Why is this? Banks, regulation, LTAFs: Where now for the investment industry after eventful Q1? In a word - 'confidence'. We are at a strange point now: after such a long boom period where investors are concerned that the party has to end at some point. Rising interest rates, high levels of inflation, and...