Our Brief Weekly Economic and World Markets Overview from Quilter Cheviot
Alphabet Enters $1 Trillion Club
By Alan McIntosh, Chief Investment Strategist
“We saw another strong week for stock markets last week with Alphabet (parent company of Google) joining the list of US companies worth more than a trillion dollars. The others – Microsoft, Amazon and Apple – have also had a good time of late, with investors favouring tech companies with strong growth prospects.
If someone had stood on a stage and predicted all this a year ago, they might well have been laughed off it. Donald Trump was still ratcheting up tensions with China at the beginning of last year. Even as late as May – just eight months ago – we saw the Trump Administration blacklist Huawei from doing business with US companies like Alphabet, threatening billions of dollars – or Chinese yuan – of business…”
Weekly podcast: Markets Uncut
As US stocks hit fresh all-time highs, join the Quilter Cheviot team to dissect what’s driving markets higher and why, amidst all the optimism, the UK High Street is facing a tough time… follow the link below for the Quilter Weekly podcast…