Market Comment – Muddling Through
When last I shared my thoughts on what might be in store for markets, investor confidence was being assailed from a variety of directions. Yet somehow we seem to have managed to survive. Greece has got its bailout money, though at a hefty price; the Budget was well received and China failed to implode. Markets have regained a degree of stability as a consequence. While shares are hardly racing away, the restoration of the status quo has brought a degree of comfort to investors.