Well, more of the same it seems and with quite wild daily fluctuations continuing

I write on another ‘red’ day for the world markets. There aren’t any ‘particular’ reasons, in that the US Fed’s warning or the chancellors’ comments of ‘we are going into recession’ are unexpected by anyone.

I am penning this message on one of the rare, recent pairs of up-days for global stockmarkets, as the ravages of
Covid-19 give the impression of abating marginally.

So the FTSE100 breaks back-through the 6,000 barrier on the upside. This is good news. As usual, we can’t say that it is permanent nor a ‘dead cat bounce’. That’s a ‘mere’ 23% higher than the recent low.