Anyone looking to invest has opportunities.

In the financial world the United States dominates. The recent sale of First Republic, a US regional bank, to JP Morgan has been dominating the headlines, but the market reaction has been relatively calm. The US debt ceiling risks have risen, and the US Treasury Secretary warns that the US government could hit its debt ceiling deadline as early as 1 June. This week is filled with key events, including the US Federal Reserve’s interest rate decision. And nearer home, the European Central Bank’s interest rate decision, and company Q1 earnings season are due shortly.

Overall, financial contagion risks are being successfully kept at bay by policymakers, but inflation worries are at the forefront. At Brooks Wealth we believe that the world will know where it’s at a bit more by summertime and the inflationary worries will hold rates up until the second quarter of 2024. We do not have second sight, so these are estimates but let’s hope for improvements across this year and into 2024.

For now, anyone looking to invest has opportunities. Tax planning in this new higher tax environment with headwinds for even higher rates of tax, means now is a good time to plan and review all your investments from a tax perspective as well. No rush I suspect, but before autumn in case we get further tax news at the end of the year. So a summer of getting ready is suggested.

We will be reviewing everyone’s holdings over the next few months and we will reach out if we see opportunities to help our clients, if you are not on our radar and want your position to be checked please get in contact.

Andy Brooks

Managing Director

Brooks Wealth Management

info@brookswealth.co.uk                              01733 314553                               www.brookswealth.co.uk