Is this the end of the bull run? A better explanation will be harder to find

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 3 March 2017

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A speech this week from President Donald Trump sent the US stock market soaring to a record high.

And where the US goes, the rest of the world follows. The FTSE 100 is also impressing investors.

Trump stood at the podium, behaved like an adult and explained a little more about some of his less crazy policies, including the fiscal ones.

Cash held offshore could start washing back into America and wind up in the pockets of shareholders, who clearly want a piece of that pie.

There’s more to it than that. This is Money’s Simon Lambert explains how it all might work as other pundits ponder whether it’s the euphoria before the fall.

A ‘bull run’ is when markets rise. ‘Bears’ usually spoil the party. The gloves are off.

Also on the show, featuring Lee Boyce and Georgie Frost:

Two more years of miserable savings rates

Lifetime Isas – a totally flawed Government plot

A new Range Rover ‘for women’

Car insurance premiums are likely to rise because, oh do they really need an excuse?

Hateful parking fines

Hateful probate fees

A chance to win a radio

Warm bath of homicide

Enjoy.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security backed by HM Treasury.
0:16.1	A very warm welcome to This Is Money podcast in partnership with NS&I.
0:20.7	I'm Georgie Frost and joining me in the
0:22.2	studio is editor Simon Lambert and Consumer Affairs editor Lee Bois to round up the week's top stories.
0:28.2	They've been covering on their award-winning website and Brexit. Trump, Pha. Markets don't care. The Dow
0:35.3	smashed 21,000. The Fotsie hit another record high.
0:38.3	When will the bull run out of steam?
0:40.3	In the classic Sir John Templeton model of bull markets are born on pessimism,
0:44.3	grow on scepticism, mature on optimism and die on euphoria.
0:49.3	Are we seeing euphoria?
0:51.3	The pounds continued to fall though, so too the optimism of savers after being
0:55.7	warned to expect woefully low rates for another two years. Who says so? Or staff fund manager
1:01.2	Neil Woodford? Someone who hobnop with our very own Simon recently. I hear he's not stopped
1:06.1	talking about it, Simon. Also today the team run the rule over next week's budget. How will it impact
1:11.6	that pound in your pocket? One feature of last year's Red Box Outing, the lifetime I say is due to come in next month.
1:18.6	If you want to draw it out before age 60 and not buy a property with it, you don't get the government
1:23.6	bonus, the 25% government bonus and those are 5% penalties. But it's run into a spot of bother, in that you may actually struggle to find anywhere that offers it.
1:33.3	Also we talk death and taxes, namely the huge rise in probate fees coming in soon, and could
1:38.3	our car insurance premiums be set to sore?
1:41.3	What this comes down to is the insurance industry of course are very upset about
1:45.0	this and it will have an impact on prices. We also watch Simon turn puse as we talk unfair
1:50.5	parking fines and me get equally irate at the idea of a vegetarian Chelsea tractor for the girls.
	...

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