Darius McDermott: Is waiting for recession a foolish game?

'We are cautious'

clock • 3 min read

Anyone who watched the final day of the third Ashes test at Headingley will know how quickly sentiment can change, writes Darius McDermott. And that should be a lesson for investors …

It was not long after lunch on the final day that pessimism ruled the roost with England nine wickets down and the Ashes seemingly staying with the Aussies. Enter Ben Stokes with the most remarkable batting display I have seen since, well, the World Cup final six weeks earlier. Within an hour the mood of English cricket fans had gone from down in the dumps to one of euphoria.  Sentiment within investment markets has been changing with a worrying amount of regularity through 2019, as late cycle concerns, coupled with the daily changes to the Brexit and Trade War scenarios, continue to spo...

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