Global stock markets have reacted as expected to talk of inflation and potential central bank actions but I have already written about that a couple of times. Most markets are around 2% off recent peaks and Sterling has returned to strength after a short pull back. Both these factors will impact the bottom line of our portfolios but only in a way that is part of the normal daily volatility of markets. In my opinion, nothing out of the ordinary, especially in May – remember ‘sell in May and go away’?
In the absence of anything else of significance to investors having come my way recently, I am going to dig into the reasons why things like NFTs (non fungible tokens), Doge coin, neglected old sports cars with worn out engines and even someone’s less than box fresh sports shoes are apparently worth improbable amounts of money – for now.
You must be logged in to post a comment.