Share Performance in Mar 22

Summary

If we weren’t all too well aware of the troubles facing us – a major war in Europe and the highest cost of living hit in a generation – a glance at the share performance in the last month would not indicate that anything much was wrong. Indeed NASDAQ was actually up 4.6% (still down 7.9% YTD) as Big Tech staged a recovery. In the UK the FTSE100 is now in ‘positive territory’ for the year – up 1.8% in Mar and up 0.8% YTD.

The UKHQed Software & Computer Services stocks that we track did not fare so well with another 0.5% decline making it a 16% decline YTD.

Winners and Losers

Purplebricks, Trainline, FDM and Tesla featured in the Leaderboard

BIG TECH staged a recovery driving the indices higher.

At the other end of the performance tables were Aptitude Software, Capita, ATOS, Just Eat, Hello Fresh , Made Tech, Cazoo and The Hut Group (THG).

More detail on all the Winners and Losers in Share Performance in March 22 in HotViews Premium

Outlook

As I write on 1^st April the cost of a whole host of services are going up dramatically. My own standing order for gas and electricity has increased by 64%. My broadband and mobile contracts have also increased by nearly 10%. Council tax, petrol prices are all up. The list goes on and on. Clearly this is going to affect consumers' ability to spend. Add to that the uncertainty of the Ukraine war and you can see why many observers are talking about Recession – in the UK, US and globally.

Conversely, the last month has shown how Big Tech – which is hugely profitable and cash-rich – can ride out this storm.

But expect volatility to continue. Hold onto your hats!

Posted by Richard Holway at '17:35'