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Keeping you up to date

Here at Equilibrium, we always try to remain optimistic and, in the words of Robert H. Schuller: “optimism refuses to believe that the road ends without options.” Whilst the events of the last couple of months have created uncertainty, worry and outright pessimism, we feel that opportunities remain available.

It is amazing how quickly we have moved from the “Boris bounce” to one of the fastest stockmarket sell-offs in history! This is of course not a normal downturn. This is not a correction caused by a recession, or even by a financial shock to the system, although both of those are happening. This is also a shock to our way of life.

Over the past few days, stock markets have reacted violently to concerns over the Coronavirus. At close on Friday 21 February the FTSE 100 was at 7,403. As I write (the morning of 26 February), the market is now hovering around the 6,900 mark, around 6.8% lower. That is a big move in two-and-a-bit trading days! Other markets have seen similar drops.

Our top picks from the news this week include a senior Labour figure urging the party to apologise for how anti-Semitism has been dealt with in the party, Which? calling out Black Friday sales as ‘all hype’ and TSB’s plans to cut costs resulting in 82 branches to close.

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