This supplements my recent suggestion that it is worth looking out for differences in the coronavirus driven market sell off. As expected, the status of Japan’s currency as a safer bet has resulted in that market performing better for UK investors.
The worst performer is the UK itself, partly because for UK investors there is no gain from the depreciation of Sterling and partly because Europe is seen as the epicentre of the pandemic at the moment with UK government actions seen as being behind the curve by many international observers.
This sort of data is worth filing away in memory for later use – the ball that falls the most often bounces back the highest.
There looks to be a flattening of the sell off curve as well, but that may yet prove temporary – I am about 55% optimistic about it!
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