Was that finally it?
Over here in the US the market has just seen its best 2 day performance since May 2020. We saw what happened to the value of our savings after that 2020 turnaround – we rode up one of the strongest investment periods of all time. In case you may have forgotten, there was no good news to be had in May 2020 either, we were deep into lockdowns with many businesses struggling to operate. Then like now, there was just the expectation that conditions and sentiment couldn’t get any worse and so were likely to improve.
Today the US markets opened lower, bringing down the value of UK shares, but as I write this, they have clawed back up into positive territory. Unfortunately the UK markets closed 4 hours ago. Hopefully when the US market closes in a couple of hours time it will remain up for the day. That should precipitate a welcome higher open in markets across Asia and Europe as they catch up. How do I know? Share markets are correlated as many companies operate globally not just domestically.
Continue reading “The Beginning of the End”