A nasty mix of general geopolitical tension, pandemic policy and war has meant that the tide of globalisation — of cheap Chinese manufacturing and cheap Russian energy — has gone out for us, writes Merryn Somerset Webb. The top two answers over both time frames were energy (28% over 12 months) and information technology (21%). These are the people whose first question to every equity strategist is "when do we start buying tech again?" Our physical world is too small to deal with the demand created by the energy shortage and the supply crunch. Forget everything you have learned about investing in the last 20 years.

Source: News 24 December 10, 2022 18:25 UTC