Fluctuating UK market continues to display Jekyll-and-Hyde tendencies

The economic environment has undoubtedly deteriorated over the past year. Today, the major worry for...

The economic environment has undoubtedly deteriorated over the past year. Today, the major worry for investors is knowing just how steep the economic slowdown will be. This uncertainty makes it quite difficult to make investment decisions on cyclically exposed stocks and to try to judge whether there is sufficient downside priced into the stocks already. The market seems to be exhibiting Dr Jekyll and Mr Hyde-like tendencies, swinging between depression and forced optimism. At the time of writing, we were back to depression, with the RICS housing survey showing that 95% of surveyors were ...