Stock markets started the year strongly. The FTSE 100 index of leading UK-listed shares rose by almost 6 per cent in the first three sessions, buoyed by a Brexit deal and vaccine developments. Yet the economy has suffered a precipitous decline and is in another lockdown. Jeremy Grantham, co-founder of the fund manager GMO, warned this week of a “fully fledged epic bubble”. And I can state what I think are reliable principles

Source: The Times January 07, 2021 17:06 UTC