Peter Brown: Inflation will persist and stock market investors should take note 

Across the spectrum, I prefer alternative investments rather than the overvalued US stock market

Peter Brown: 'Inflation is notoriously difficult to predict. Central banks were completely caught off guard in 2022, and will still likely be reluctant to cut rates aggressively.' 

Inflation in the US and the eurozone is now significantly lower, but markets have nonetheless pared their bets for rapid cuts in interest rates. 

Last year, the markets expected the US to cut rates six times through 2024, but they now expect only three rate cuts.