It was interesting to look at the winners and losers in last week’s stockmarket Biden Bounce and Vaccine V. Cineworld led the charge, up 50% together with Stagecoach, National Express, Trainline and the airlines, Gym Group and property companies all by more than 30%. Games Workshop (doesn’t mean your teenager will come out of his room), Ocado, Just Eat and some of the tech companies quoted over here were all down. Entirely predictable, of course. With the great gift of hindsight.
“Biden bounce sends global markets racing”
So we’ve had both the Biden Bounce and Vaccine V this week as ‘stock markets around the world added £billions to the value of shares’. Guess they, like all of us, are desperate for some good news. I almost found myself excited about the return of ‘Strictly’, until I’d...
