Is the FTSE seeing a V-shaped recovery or a dead cat bounce?
The day Britain’s lockdown was announced, a message pinged on my phone with a rhetorical question: ‘Is 5,000 some form of chart point?’ That text, on 23 March, referred to the FTSE 100 having closed below that waterline at 4,993.9 – down 35 per cent on its peak of 7,675. Things were looking about as … Read more