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Markets Down Over The Week?

Just wondering if anyone knows why funds are down over the last week or so after enjoying very good growth beforehand?
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Comments

  • Because stock markets around the world are down.
  • GSP
    GSP Posts: 894 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    Because stock markets around the world are down.
    Thanks yes I know, anyone know why. Some sort of selling off?
  • Bond yields rising sharply
  • Elon Musk tweeting last weekend that Tesla and Bitcoin valuations "look high."
    If he doesn't tweet similar over this weekend, next week should be calmer. B)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 26 February 2021 at 6:54PM
    Markets are like riding a rollercoaster. Hopefully your portfolio is sufficiently diversified to weather the storm. 
  • Prism
    Prism Posts: 3,861 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Most markets are down over the week but up over the month. There has been no news so for the moment its just regular movements. The GBP is up 2-3% which makes global funds look a little worse.
  • GSP
    GSP Posts: 894 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    Sterling has been going up against the dollar. Does a higher exchange rate affect numbers? I remember a while back there was a mention of companies having their accounts in certain currencies, and exchange rate fluctuations could drive numbers either way?
  • Prism
    Prism Posts: 3,861 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    GSP said:
    Sterling has been going up against the dollar. Does a higher exchange rate affect numbers? I remember a while back there was a mention of companies having their accounts in certain currencies, and exchange rate fluctuations could drive numbers either way?
    It can affect UK companies but the main reason is if you hold any funds that invest in global companies. The exchange rate will then affect those funds directly. GBP goes up 5%, fund goes down 5% all things being equal
  • Sea_Shell
    Sea_Shell Posts: 10,283 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Markets are like riding a rollercoaster. Hopefully your portfolio is sufficiently diversified to weather the storm. 

    So is it a normal response to put your hands in the air and scream?? 😉
    How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)
  • dunstonh
    dunstonh Posts: 121,231 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Its been one of those periods where lower risk portfolios have gone down more than higher-risk ones.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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