Holding two completely incompatible ideas in your mind at the same time has become essential for investors since the pandemic began. It can’t be a good thing that 4.5 million people have died of Covid worldwide but, at the same time, it’s hard to argue that it’s not good to see global stock market valuations up by $30 trillion over the same period. And while it’s been wonderful for investors to have been bailed out by the actions of governments and central banks, it cannot be good that this expenditure - also about $30 trillion as it happens - was entirely financed by government debt and central banks’ money-printing.

Stocks featured:

Alcoa, Bank of America, Citigroup, Deere & Co, Glencore, Goldman Sachs, Kellogg Co, Microsoft, Morgan Stanley and Virgin Galactic Holdings

This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.

Hosted on Acast. See acast.com/privacy for more information.