RE: Just bought2 Feb 2023 19:24
Good purchases. Today's BoE statement (re:shallow) recession helped most REITs. To see why the government and BoE are pretty confident about this improved outlook, check two charts - UK MoM inflation and UK Natural Gas price. The Month on Month inflation figures look to be declining steadily apart from jumps in April 22 and October 22 when utility price rises happened. The Natural gas price is less than 60% of the price when Putin rolled into Ukraine so there is no reason to expect the same sized inflation jumps this year. An April 23 utility price jump will only happen because of the forward purchases that utility companies make and a weak government regulator. By end of 23, expect annual inflation to be around 5%. So 'buy on dips' may be a good strategy this year.