“FTSE 100 has little do with UK economy”, says 7IM’s Kumar

UK Consumer Price Index (CPI) jumped from 2.3% y/y to 2.7% in April; the highest since 2013. And still the FTSE 100 index clocks fresh record high. Higher inflation leads to lower spending and weak economy. Why is the stock market on fire then? What’s happening?

7IM Investment Manager Ben Kumar says, “The FTSE 100 index has little do with the UK economy”.

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