
I am keeping up the pressure in terms of new buying ideas because the stock market is in an exciting phase, climbing up a ladder as opposed to falling down a snake. The impact of Covid-19 scared all the hot money out of the stock market, slashed interest rates to the bone, devastated many of the more traditional, labour intensive sectors of the stock market and has triggered a dramatic acceleration of some existing trends, notably the growing role of technology in our lives. It is an exaggeration to say that the pandemic has forced us to leave our old online world for a new virtual world but it does give a flavour of what is happening. There is a huge shift taking place, which is combining with an older generation handing over the baton to millennials, who grew up in a connected world and feel at home there (to coin a phrase).
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