Is the Fomo rally the start of a real stock market recovery, or will shares dive again? This is Money podcast
It’s been called the Fomo rally, as shares picked themselves up off the floor after a diabolical March and bear markets turned bullish.
The FTSE 100 closed a notch below 5,000 on 23 March, the day it was announced Britain was going into lockdown, but somehow managed to bounce 23 per cent to the middle of this week before slipping back.
In the US, April was even more astonishing – the S&P 500 had its best month since 1987.
So, what’s going on? Is this the stock market signalling the start of a coronavirus recovery, or have investors merely been piling in driven by Fomo – the fear of missing out?
The big US tech names’ star turn has helped drive confidence and in the UK it has been the big names hit hard that have rebounded over the past four weeks, including housebuilders, Next, Cineworld, ITV and the FTSE 100’s top riser is cruise ship firm Carnival – up 63 per cent as brave investors buy in.
But are investors getting ahead of themselves and simply all chasing in the same direction like kids with a football?
The Fomo rally: Shares in the UK and US have jumped since the end of March
On this week’s podcast, we look at the rally, what’s driving it – beyond Fomo – and the history of false dawns in stock market crashes, known as the dreaded dead cat bounce.
Simon Lambert and Georgie Frost also discuss how Britain gets back to business and how the plans might shape up for getting us back into factories, offices, shops, pubs, restaurants and everywhere else.
Plus, would you dare book a holiday now? If so, the podcast duo discuss what you need to consider.
And finally, the clock has have passed by quickly for a generation of cars that some of us grew up with and the Metro, Fiat Panda and early Vauxhall Astra are now 40 years old, tax exempt, and theoretically classic cars… but are they?
THIS IS MONEY PODCAST
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Is the Fomo rally the read deal, or will shares dive again?
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Is investing instead of saving worth the risk?
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How bad will recession be – and what will recovery look like?
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Staying social and bright ideas on the ‘good news episode’
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Is furloughing workers the best way to save jobs?
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Will the coronavirus lockdown sink house prices?
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Will helicopter money be the antidote to the coronavirus crisis?
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The Budget, the base rate cut and the stock market crash
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Does Nationwide’s savings lottery show there’s life in the cash Isa?
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Bull markets don’t die of old age, but do they die of coronavirus?
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How to fund a life of adventure: Alastair Humphreys
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What does Brexit mean for your finances and rights?
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Are tax returns too taxing – and should you do one?
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Has Santander killed off current accounts with benefits?
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Making the Money Work: Olympic boxer Anthony Ogogo
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Does the watchdog have a plan to finally help savers?
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Making the Money Work: Solo Atlantic rower Kiko Matthews
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The biggest stories of 2019: From Woodford to the wealth gap
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Are the rich really getting richer and poor poorer?
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It could be you! What would you spend a lottery win on?
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How does Labour plan to raise taxes and spend?
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Would you buy an electric car yet – and which are best?
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How much should you try to burglar-proof your home?
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Does loyalty pay? Nationwide, Tesco and where we are loyal
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Will investors benefit from Woodford being axed and what next?
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Does buying a property at auction really get you a good deal?
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Crunch time for Brexit, but should you protect or try to profit?
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How much do you need to save into a pension?
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Is a tough property market the best time to buy a home?
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Should investors and buy-to-letters pay more tax on profits?
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Savings rate cuts, buy-to-let vs right to buy and a bit of Brexit
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Do those born in the 80s really face a state pension age of 75?
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Can consumer power help the planet? Look after your back yard
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Is there a recession looming and what next for interest rates?
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Tricks ruthless scammers use to steal your pension revealed
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Is IR35 a tax trap for the self-employed or making people play fair?
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What Boris as Prime Minister means for your money
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Who’s afraid of a no-deal Brexit? The potential impact
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Is it time to cut inheritance tax or hike it?
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What can investors learn from the Woodford fiasco?
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Would you sign up to an estate agent offering to sell your home for…
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Will there be a mis-selling scandal over final salary pension advice?
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Upsize, downsize: Is swapping your home a good idea?
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What went wrong for Neil Woodford and his fund?
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The incorrect forecasts leaving state pensions in a muddle
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Does the mortgage price war spell trouble in the future?
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Would being richer make you happy? Inequality in the UK
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Would you build your own home? The plan to make it easier
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Would you pay more tax to make sure you get care in old age?
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Is it possible to help the planet, save cash and make money?
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As TSB commits to refund all fraud, will others follow?
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How London Capital & Finance blew up and hit savers
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Are you one of the millions in line for a pay rise?
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How to sort your Isa or pension before it’s too late
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What will power our homes in the future if not gas?
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Can Britain afford to pay MORE tax?
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Why the cash Isa is finally bouncing back
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What would YOU do if you won the Premium Bonds?
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Would you challenge a will? Inheritance disputes are on the rise
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Are we primed for a Brexit bounce – or a slowdown?
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How to start investing or become a smarter investor
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Everything you need to know about saving