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.
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.