A tale of two markets: Speculative market in growth stocks gives cause for concern but optimism lies elsewhere

Caution required to get through uncertain times

Andrew Clifford of Platinum Asset Management

Andrew Clifford of Platinum Asset Management

Covid-19 has driven the global economy into one of its greatest ever economic downturns. Paradoxically, despite a recent pullback, global equity markets are now trading near their February highs before the pandemic hit.

What has resulted, are two very different markets: a speculative market in 'growth' stocks and 'the rest.' We hear about these growth stocks in the press every day. In the US, Tesla is a poster child....

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