(PA)
(Picture: PA Archive)The calendar gives all of us working in the City cues to reflect – if it’s the month-end, quarter-end, year-end then that means it’s time to take stock and measure.
These dates are arbitrary, but they help us compartmentalise what’s happening in the world. Last week there was a slew of commentary about it being the worst first half since the 1970s. For example, the NASDAQ Composite Index – home of the largest US technology companies -- was down 30% in H1. For those who have been sceptical of valuations for the past decade, H1 2022 provided an opportunity to be correct.
