The time to be cautious not defensive

Professional Adviser
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The UK market continues to be dominated by events on Wall Street as investors worry over the effect ...

The UK market continues to be dominated by events on Wall Street as investors worry over the effect the US slowdown will have on UK companies. The tech-laden Nasdaq has seen unprecedented volatility, torn two ways by the deteriorating business outlook and hopes that interest rate cuts will help the ailing economy. The real concern is how far the technology downturn is affecting the economy as a whole. The recent US boom has been fuelled, to some extent, by the investment, jobs and wealth created by technology spending. The downturn in the sector is bound to have much further-reaching con...

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