Walker Crips' Market Commentary

Stock market volatility back to its post-pandemic peak


Listen Later

Volatility in stock markets was back to its post-pandemic peak last week, with the mighty S&P 500, the world’s largest stockmarket index by value, falling by 2.8% on Tuesday, only to rise by 2.5% on Thursday, before selling off 3.6% on Friday. So much of the value of the S&P 500 is now concentrated in a few technology behemoths that their fate determines its fate. Thursday’s rebound had much to do with unexpectedly strong results from Meta Platforms (formerly Facebook) amongst others, and Friday’s sell-off appeared to have been triggered by disappointing results from Alphabet and Amazon, combined perhaps with the negative outlook expressed by Apple’s management. However, these problems were mainly related to the pandemic’s distortion of supply and demand. Alphabet reported a deterioration in demand from customers in Europe, but this should be seen in the context of a quarter in which Alphabet’s revenues still grew at a 20% rate.


Stocks featured:

Amazon.com, Apple, Alphabet, Chevron Corporation, Exxon Mobil Corp, Meta Plaforms, Robinhood Markets and Twitter



To find out more about the investment management services offered by Walker Crips, please visit our website:

https://www.walkercrips.co.uk/


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.

...more
View all episodesView all episodes
Download on the App Store

Walker Crips' Market CommentaryBy Walker Crips Investment Management Limited

  • 5
  • 5
  • 5
  • 5
  • 5

5

1 ratings