The markets appear fully recovered, but looks can be deceiving If you are watching the S&P500 you will know that as at the end of July, it was approximately 4% off its pre-Covid mid-February highs. If we dig a bit deeper however the index starts to tell a very different story. As at late-July, 186 of the S&P500 stocks, or 37% were showing a gain. The remaining 64% were still showing a loss since the start of the year. Delving deeper still we see that 226 or almost half of
Markets continue to defy gravity As US and NZ share markets test new highs the data from around the world keeps getting worse. Later in this month’s discussion we will make a case for why share values may not be as overpriced as we all believe, but first let’s review the worsening news. US Covid cases on the rise again As President Trump continues to understate the rising risks of Covid infections in the US and States continue to attempt reopening to get some semblance of growth back in the
