Published
15th July 2024
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Perspective News, The Cambridge Weekly
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The Cambridge Weekly – 15th July 2024
The business of politics, politics without policy
Last week has been an interesting one in capital markets. Global stocks are a nudge above where they were at the end of the previous week in aggregate, but this hides a great deal of variation. There was a steady climb early in last week, led once again by large US mega-caps, but this completely flipped into the latter days. Smaller stocks suddenly dramatically outperformed, while the so-called ‘Magnificent Seven’ (Apple, Alphabet, Amazon, Meta, Microsoft, Nvidia, Tesla) sold off sharply
