JAMIE CARR: Woolworths, the latest fashion victim
Woolworths has picked up a similar fashion affliction to the one that’s plagued its distant cousin, Marks & Spencer, in recent years
A quick glance at global geopolitics is enough to suggest there are some pretty substantial risks floating around. Trade wars, state-sponsored cyberwarfare, Brexit, Uncle Vladimir’s foreign policy, Potus tweeting, population explosion, mass migration, water crises, ageing populations … it’s enough to make anybody curl up beneath the duvet and hope it all goes away. The textbook response from the investor would be to run for safe havens, stick some gold bars under the bed and, in extreme cases, buy up large estates in New Zealand in case of apocalypse. Instead, the S&P 500 is hitting record highs and recording the longest bull run in history, having bounced back more than 300% since the depths of the financial crisis in March 2009. A great deal of this performance can be attributed to the mighty showings of Apple, Amazon and Alphabet, which take the podium positions. Apple is the first company in US history to hit a $1-trillion market cap, and the other two are not very far behind. A...
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