Equities fell back a little last week, following the sharp rebound seen over the previous month, though have opened higher today. Markets have been pulled in opposite directions this year by two extremely powerful opposing forces. Their prospects going forward basically depend on how this tug of war plays out.
Global equities last week posted further gains of around 2% and are now up close to 25% from their lows having recovered half their losses. The rebound has been the fastest ever from a bear market, with the gains taking less than a month, just as the sell-off itself occurred at record speed. The sharp rebound is rather at odds … Read More
Harry Merrison, Investment Manager – Kingswood Group The only constant is change. Evolution is about adaptation. Effectively managing future risks and opportunities empowers companies, offering downside protection and creating future stakeholder value. We often fool ourselves in the euphoria of a bull market that the good times are here to stay, only for reality to set in when the tide … Read More
The rebound in equity markets resumed in force last week. Global equities gained as much as 10% in local currency terms and as of Friday were up 21% from their March low. The US has led the rebound and has risen 25% from its low point. The recovery in UK stocks has been a more moderate 17%, aside from the … Read More