The latest US inflation figures have put a rocket under shares. They came in around 3pc annualised v 4pc annualised the previous month, down from a peak of 9pc in June 2022 and have led to a growing belief that US interest rates are close to peaking and may start falling in 2024. If only something similar would happen in the UK, where we are battling to escape from the dreaded wage price spiral that so affects semi-capitalist economies like the UK with their aggressive public sector trade unions. I am sure that is what many people with mortgages are hoping.
The clever Americans don't have a public sector so they avoid this problem and yet their workers are much better paid.
Opportunities to buy stocks with strong buy signals coming after steep bear markets do not come often so it is important to take them. As in so many fields fortune favours the brave.
Talking about the brave, I must pluck up my courage and tell the lady upstairs that I love her only this may not be a good idea since she is married and her husband is 6'5" and half my age. She is so adorable with a smile that would stop a regiment in its tracks! Don't worry, I know I am crazy and very happy fighting with my ferocious wife.
Below I look at two shares with fabulous AI credentials, one is already a buy, has a fabulous chart and is a breakout away from becoming a must-own, the other already is a must-own, which I have described as the world's most exciting share.
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