The evidence is that valuation inthe US are stretched especially in the tech sector, there is a flood of IPOwith strong support and high valuations. At present the market is geared to 43%and bond rates are all time lows forcing fixed interest investors into riskier positions.We are seeing record increase in online trading accounts being set up in the USand witness the Game Stop event where individual investors took on the big US hedge funds and won.
Grow Your Wealth – Market Wrap – 22/05/2020
We do not recommend to heavily invest at these levels, now is the time to top up some holdings and to start building positions in new companies. It is also a good time to think about selling out those companies with a low chance of recovery. Click for full article