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By: Sharon Bentley-Hamlyn Director at Aubrey Capital Management
Hurtling towards the year end after what had been a bruising time for growth stock investors, it is perhaps fitting to take stock of where we are. The short answer is that we are in a slightly better place than we were back in September.
The question is, why, when the news is still unbelievably dire and sad, from the atrocities in Ukraine, to the dystopian nightmare experienced by Chinese citizens under lockdown, possibly seeing some relaxation now, to the murderous treatment being meted out to women in Iran. Conditions are still very severe for a great many people around the globe. By comparison, the fallout from our own political ineptitude here in the UK and the fractious state of politics in the US looks mild.
So why are things any better now than 3 months ago?
On Ukraine, the NATO alliance seems to be holding together, for now at least. It is sending sufficient military support to allow Ukraine to pushback, notably in Kherson, and some are even suggesting an entire 'pushout' of the Russian forces over time. We will see, but of course the cost has been terrible. There seems to be a global consensus that the use of nuclear weapons is a very bad idea indeed, including, importantly, in China. That does not prevent the possibility of them being used, but Russia would be even more politically isolated if it did.
The fact that Chinese people dared push back on tyrannical and arguably...................... To view our full article Click here
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