By Chris Bailey of Financial Orbit | Monday 29 August 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There are three times of the year when I find it hard to write loads of articles about markets and macro stuff. The first is Christmas (for obvious reasons), the second is Easter because the UK market is closed on both Good Friday and Easter Monday, and the third is the late August period. After all, hardly any corporate names are reporting, the world’s politicians are sensibly on holiday (and don’t ask me to talk about the new PM push!) and when I tried to write yet another macroeconomic piece yesterday, I found I had already basically said it last Friday! Fortunately, I noticed a bit of updated fun on Sky News re Joules Group (JOUL) and Next plc (NXT).
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