Animal Spirits
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The first half of 2022 will be one that investors will want to forget in a hurry. Not often bonds and equities sell off like we saw. The S&P gave back 16.45%; the Nasdaq -22.44%. Over in Europe the Eurostoxx 600 declined 15.5% with not a single sector closing in the green. The Nikkei down 15%. Only the Shanghai Composite down 1% is a standout with the ALSI down 20% after a decent first quarter.
And the casualties of the dollar's surge? Let's count them: the euro is fast heading towards parity even if it is holding above 20-year lows in Europe this morning. The yen has slumped to its lowest levels in over 20 years, sterling is near its lowest since March 2020 and Russia's rouble has slid 16% this week. The Rand heading for 17s.
Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
Chris Holdsworth, chief investment strategist: Investec Wealth and Investment joins Michael Avery
And the casualties of the dollar's surge? Let's count them: the euro is fast heading towards parity even if it is holding above 20-year lows in Europe this morning. The yen has slumped to its lowest levels in over 20 years, sterling is near its lowest since March 2020 and Russia's rouble has slid 16% this week. The Rand heading for 17s.
Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
Chris Holdsworth, chief investment strategist: Investec Wealth and Investment joins Michael Avery
