The British stock market is on a roll right now. Both the FTSE 100 and FTSE 250 are on upward trajectories. The former is already up by double digits, including dividends, and the latter’s following closely behind.
However, as usual, permabear investors have crashed out of the forrest with fear-inducing sensationalist headlines predicting an imminent crash.
Among them is Jeremy Grantham, a British investor whose words carry a lot of weight. And it’s not hard to understand why. He manages a fund with over £21bn in assets and has achieved a 227% return over the last decade. That’s a pretty impressive track record, so could he be right that the end is nigh?
Let’s take a look at the numbers.
UK GDP is a problem
While the British stock market is rallying, the economy continues to limp on. At the end of 2023, the UK fell into recession. And while GDP growth returned in Q1 2024, it landed at a whopping grand…
