The majority of commentators remain unremittingly bearish on the market. In the latest sell-off, the...
The majority of commentators remain unremittingly bearish on the market. In the latest sell-off, the bear market has widened to include consumer staple food and drink stocks, which had previously been resilient. Only tobacco and utilities remain untouched. It is noticeable that a high dividend yield alone is no longer offering a stock protection as fears of dividend cuts mount. The results season has begun and is not expected to offer much relief for the market. The dominant themes are earnings downgrades due to dollar weakness and, more importantly, increased contributions to cover ...
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