Hello Share Movers. Have you been watching ‘The Traitors’ on TV? Yes, I know. Nobody sensible watches reality game shows. But anyway, those succumbing will know that the contestants haven't a clue what the other players will do next. Yet they will mouth off all sorts of peripheral reasons why they do suspect their rivals. It’s same with the stock market.
I am sure I have said this more than a few times before, but the thing about investment stuff (and life in general) is not what happens, it is how you respond to it. Once we get a few days the other side of Easter, global investors will be very focused on prospects for the quarterly corporate earnings season, and my diary is already in panic mode for the second half of April and all of May. Naturally, I would have it no other way.
As most people know, AMC Entertainment (NYSE - AMC), the US based cinema chain, would be bankrupt now (like its rival Cineworld) but for its status for the last couple of years as a meme stock which has allowed CEO Adam Aron to issue stock like confetti to the self-proclaimed Apes and keep the creditors at bay.