Financial News: A tsunami of negative indicators should have worried advisers ages ago

05 October 2022: Patrick writes on the suspension of disbelief by financial and wealth advisers who advised their clients that all is well with the markets when the negative indicators of markets reversal have been evident for so long. The latest rout in the US and UK/Europe is not the result of recent geo-political and macro factors but a sharp escalation of longer term downwards trends. Why did advisers stay so blinkered? Patrick points out that this was, at best, an exercise in “wishful thinking”. Clients have been poorly served and advisers continue to have their heads in the sand. Patrick's viewpoint was published by Financial News this week and you can read the full text below.

2022 09 Commentary_PG_An exercise in wishful thinking

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