Private Investor's Diary Portfolio 

Thinking big on technology

Thinking big on technology

The equity market sell-off continued into February. The main fear, reflected in rising US government bond yields, was of resurgent inflation. The US equity market, which tends to lead other equity markets, completed a 'correction' (more than 10.0 per cent fall from peak), on 9 February. It recovered its poise, with the S&P 500 finishing the month down 3.9 per cent but still up 1.5 per cent since 1 January. This was the first correction in two years and clearly spooked some investors.

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