By Malcolm Stacey | Saturday 12 February 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Treaters. All those doomsters who predict a crash in share prices need to consider this week’s big news. The UK economy grew by 7.5% in 2021. That’s the best performance of all the G7 nations. The Footsie fell on the announcement, but that’s just how illogical the stock market is. I expect it to bounce back next week. Covid is still with us and yet we beat growth records. When the pandemic has ceased to be a threat I would expect GDP to surge even more. But not all shares will shine.
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