What Goes Up Can Still Be Down

Editor's Views: Why November's market rally can't disguise 2020's carnage, the future of shopping, and the Morningstar Investment Conference moves seamlessly online

Holly Black 20 November, 2020 | 10:33AM

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It’s a peculiar phenomenon that we can be on the brink of a double-dip recession while the stock market is soaring. It’s a case in point of how investing really has very little to do with the economy.

Hopes of a vaccine have injected a dose of optimism into some struggling UK stocks. We’ve seen a handful of share prices double in a matter of days. Usually such gains are the preserve of exciting start-up firms, but this time round we’ve seen surges at cinema chain Cineworld (CINE), pub group Mitchells & Butlers (MAB) and catering outfit SSP Group (SSPG).

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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