Laith Khalaf: The slow fade of rational exuberance

'A bit of a stinker for markets'

clock • 4 min read
Laith Khalaf: "Things certainly don't feel rosier than those halcyon days before the pandemic, when all we had to worry about was a bit of Brexit, Trump's trade war with China, and Bake Off switching channels."
Image:

Laith Khalaf: "Things certainly don't feel rosier than those halcyon days before the pandemic, when all we had to worry about was a bit of Brexit, Trump's trade war with China, and Bake Off switching channels."

We may be witnessing the slow fade of "rational exuberance" in the US market which has swollen stock prices for the last decade, writes Laith Khalaf.

We're nearly halfway through the year, and it's been a bit of a stinker for markets, especially in the US. The S&P 500 sits at around the 4,100 mark at the time of writing, down from 4,800 at the s...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Dan Kemp: 'It isn't the economy, stupid!'

Dan Kemp: 'It isn't the economy, stupid!'

Valuation-driven approach

Dan Kemp
clock 19 August 2022 • 4 min read
The fund will close on 13 September

abrdn shutters Eastern European fund

43% of assets in Russia

Kathleen Gallagher
clock 18 August 2022 • 1 min read
Investors pulled £2.7bn from equity strategies

Flows into sustainable strategies slow as equities continue to suffer

Follows 62% drop in Q2

clock 17 August 2022 • 2 min read