This week, we saw the FTSE 100 fall over 5% from its 6,100 peak on Thursday, before stabilising and calming just under the 6,000 mark at the point of writing this article. My clients will know by now that I crave ‘calm markets’. The extreme volatility of March and April were a sign of the
Two weeks ago, I explained how I wished for calmer global equity markets which could pave the way for recovery. My wish came true, the ‘kangaroo markets’ calmed, and we took advantage of this – swiftly repositioning our clients’ portfolios. Last week, I wished for our Prime Minister to return. I said how a positive
Most of our clients will have now read their early Quarterly Proactive reviews, so I shall keep this weeks update a little briefer than usual. Last Friday the FTSE 100 was around 5,700 points. I said that I was wishing for markets to ‘calm down’. At the point of writing this article one week on,
As the son of a Baptist Minister, every talk from my Dad always seemed to have three points! These were aimed at helping his congregation to remember his message. I look at the economic situation today and the amount of information can be overwhelming. To that end, I always go back to basics and try
The UK Office for National Statistics (ONS) published its first rapid response survey to the Covid-19 outbreak this week. It showed that around three quarters of UK households can manage for up to three months on 25% less income. They also found that 27% of UK businesses had decided to lay off staff ‘in the
In our daily Skype team meeting yesterday, I posed the question ‘Are we still in a bear market, or has a new bull market started’. The answer from Katy was that she sees us as very much in a ‘Kangaroo’ market right now. This is certainly a new turn of phrase! A Bull market describes
