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Market Comment - March '24

March 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Before Christmas financial markets were dancing to the tune of interest rate cuts sooner and sharper. With the bleary dawn of 2024 the rhythm is more a stagger and a wobble, with bursts of exuberance, almost exclusively in tech. Nvidia, the darling of AI, now has a market value equal to the whole of the Chinese stock market. In the first 6 weeks of this year its market value increased by US$600 billion, which is bigger than the size of each of these economies – Sweden, Belgium, Nigeria, Singapore and Vietnam. The smartest guys at the tech party booked a taxi earlier than most. Mark Zuckerberg, boss of Facebook parent Meta, began selling his own shares in November. Amazon’s Jeff Bezos has also sold US$4 billion of his shares in the ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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