The approval of vaccines to counter the misery of COVID-19 has driven equity markets higher into the New Year as a hint of, whisper it, ‘normality’ can be glimpsed on the horizon.
When Jane Austen wrote ‘Pride and Prejudice’ in 1813, an annual income of £10,000 compared to an average salary of just over 30 pounds. In today’s money, Mr. Darcy’s annual income would have been £10 million. No wonder Mrs. Bennet was so excited!
The stock market, frequently an enigma, has played a blinder. As countries around the world queue up to report their worst ever falls in economic growth, equities have been rising.
FIM Capital's Mary Tait has been nominated for the prestigious investment woman of the year award.