12 October 2022: The “wishful thinking” of market blind advisers has been a factor of on both sides of the Atlantic and AlternativesWatch publishes Patrick Ghali’s opinion piece on the subject for an American audience. In this viewpoint, Patrick bewails the blinkered advice of financial advisers and product providers who encouraged their clients to keep faith in the markets in the face of several years of negative indicators of looming markets reversal. Click here for the full published commentary.”
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.
- sussexpartnersuk
- Sep 28, 2022
Updated: Oct 13, 2022
28 September 2022: Patrick Ghali offers an investor’s view on the rapidly deteriorating UK currency and bonds crisis and intervention by the Bank of England to calm the markets. Financial News subscribers can read the full article here.