CHRIS GILMOUR: Inflation, Ukraine war and Chinese lockdowns to blame for bear market
It is difficult, almost impossible, to find optimistic opinions on where equity markets will go
In the past three weeks, there has been a discernible change in market sentiment worldwide. It is difficult, almost impossible to find optimistic opinions about where equity markets will go.
The tech-heavy Nasdaq index in the US is firmly in bear market territory, defined as a fall from its recent peak of more than 20%. The S&P 500 and Dow Jones industrial index, being broader market representations, fared slightly better, but even these two are down about 16% from their peaks. ..