Dossier
February 2024
Coverage of February 2024 in the Nexus archive.
- Investors are all-in on stocks, and a June swoon could be next, BofA says
Investors are at their lowest cash levels since February 2024, indicating a potential market pullback this summer. A BofA survey of fund managers warns of a possible June swoon. This suggests that investors are over-invested in stocks.
- UK economy showed surprise 0.5% growth before Iran war
UK GDP grew by 0.5% in February 2024, exceeding economists' 0.1% forecast, with January's growth revised upward to 0.1%. The unexpected expansion suggests economic momentum before the Middle East conflict disrupted recovery hopes.