A s we stand in the foothills of 2023, time out for a minute and cast your eyes over the phenomenon of 2022. This was the year financiers lastly sobered up and switched tight-fitting catwalk numbers for a reasonable attire from John Lewis.
After a decade-long tech boom that fetishised newness, modification unexpectedly headed out of style. Cryptocurrencies collapsed. The FTSE 100 tortoise lumbered past the Nasdaq hare– with a 0.9 percent gain, it was the world’s best-performing significant market. Increasing rates and the war in Ukraine reversed the pariah status of defence, energy and tobacco stocks. Liz Truss ruined the case for short-term financial radicalism.
In some methods, the return of good sense is unhelpful. The FTSE’s warm outcome masks the reality that some