Why we are all hard wired to be
bad investors
Monthly Viewpoint – February 2021
One year ago coronavirus began to ravage the global economy and stock markets. The ensuing
recession was the worst since the Great Depression, yet over those 12 months global equities have
returned almost 30%, despite a 35% decline in the initial few weeks of the pandemic.
Percy’s not a pig
Believe it or not, there
are similarities in
what we do here at
Momentum to what
the rocket scientists do
in Pasadena
Are you sitting comfortably?
Ever since the global financial
crisis (GFC) when Lehman’s
failed, central banks have
been trying to accelerate
economic recovery by various
“quantitative easing” means,
which in simple terms
collectively amounted to
printing money.
More of the Same
Just right, then, is a
continuation of current
policy and hence central
bankers need to hold their
nerve in the face of rising
inflation and provide
more of the same
Monthly Viewpoint – January 2021
The surge in markets in late 2020, triggered by the positive vaccine news, Biden’s success
in the US election and the favourable settling of the UK-EU trade negotiations, continued
into the new year