As markets bounced back after last month’s Coronavirus panic sell-off - the S&P 500 rose 4.6% on Monday - advisers were telling their clients what they always have, to ride the wave.
The FTSE 100 dropped around 10% over the last fortnight but Tuesday morning (3 March) saw the FTSE climb back around 2%. A retreat from UK equities saw the FTSE 100 dip to Brexit referendum levels, evoking BBC headlines such as ‘Global shares suffer worst week since financial crisis' and ‘Dow falls more than 4% amid coronavirus stock rout'. LBC went with the classic 'wiped off' headline with: 'Over £150 billion wiped off London markets amid coronavirus fears'. The Dow Jones, however, jumped 5.09% yesterday and the S&P 500 rebounded 4.6%, reflecting returning investor confidence. The l...
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