James Mackintosh
speaker
379 appearances
7 recordings
1 series
first heard Nov 2017
last heard Nov 2024
James Mackintosh’s voice in public audio — every appearance, attributed to the second.
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Appearances
Not
Nothing really drastic, but the sort of uninterrupted buying that we'd had from the start of the year up to very late February did come to an end.
And, you know, since then, it's sort of been the US stocks have been bouncing around, but not the rally has clearly broken.
So the question now is, are we are we having a pause while people reassess?
If we are, well, to be honest, then it could go either way, depending on what happens with the main thing that they're assessing, which is the global economy.
And, of course, all of this comes with...
the health warning that other things can happen too.
There's always the surprising news, good or bad, that can move the market.
That's right.
It's been really quite messy everywhere.
It's looking, well, so far like a correction in lots of places.
When you put it into dollar terms, so you strip out the currency moves, most markets are down as much or more than the US.
There are a few that have done a little bit better, but even they are still down.
It's rare indeed to find a market that's up in October so far.
This is
partly because, of course, the U.S., people take their lead off the U.S.
It's a big, important market.
But it's also partly because people are starting to grow concerned about the economy, and that's showing up in lots of places.
Yeah, I mean, a story of strength may be taking it a bit far.
I mean, obviously, falling prices is hard to see as a great thing unless you
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