Monday Musings 21/02/2022 – Rollercoasters don’t have to be scary!
Having read the news that Mr Clegg has been elevated to Olympus at Metta or whatever face ache is called now I was reminded of how the markets perform. Like Nick’s career they go up and down. The main point to take though is even when they have gone down, Gleggie’s post Cameron dive, don’t panic keep the faith and all will get better. Now I cannot offer you the many millions that Teflon boy is going to be paid but I can say that provided you do not sell any investments you have in the markets, whether with Straight Talk or not, all will be well.
If you are reading this rather than listening to one of the various video versions, I don’t understand all that stuff, but I somehow appear on a variety of channels, you will see that the markets had a fairly torrid week. If you read or listen to the media this has been in the main driven by the situation in Ukraine, although I, and many commentators, remain convinced that the spectre of inflation and the need for the Central Banks to raise interest rates is having a huge impact. Interestingly on of the investment we work with is firmly of the opinion that Ukraine has nothing to do with it and it is entirely down to inflation and interest rates.
|31.12.2021||21.02.2022||% Change||% Change on week|
|FTSE 100||7384||7513||Up 1.74||Down 1.92|
|Dow Jones||36338||34079||Down 6.21||Down 1.86|
|Nasdaq||15645||13548||Down 13.40||Down 1.62|
|S&P||4766||4348||Down 8.77||Down 1.87|
|NIKKEI||28791||27122||Down 5.79||Down 2.07|
|Hang Seng||23398||24327||Up 3.97||Down 2.32|
|Shanghai||3640||3490||Down 4.12||Up 0.80|
|CAC 40||7153||6929||Down 3.13||Down 1.17|
|DAX||15885||15042||Down 5.30||Down 2.48|
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