Long haul7 May 2021 15:56
Well the usa jobs report has shown people are happy to sit at home on furlough or benefits than return to work. With little hospitality venues open people ate cooped up at home & little reason to seek work. Online retail & telecommunications & the faangs will benefit, but Antone expecting this huge comeback in 2021 are burying their head up their hole. I'd love to be wrong but I doubt anymore dividend increase this year. 8 months left to prove me wrong. Alls I know is Vodafone, tesco, Saintsbury, BT & most others who slash the divi, don't recover their previous share prices. Look how well those above shares have done in cv19, but share price still £s away from b4. That's the reality. All this optimism is base on hope. The oil price has risen sharply, but has that anchor on CNBC showed b4 the oil shares do not follow suit, like years previously. That the new normal. This & bp are at these depressed levels for a good while yet , with £16 looking a long way off. Hope I find, as in life is soon extinguished. At these levels were open to any setback in the macro world. Only time can prove me wrong, but as of today , Vodafone , Saintsbury's, tesco & shell haven't proven me wrong in my predictions. Time will tell.