Summer slump or bonus bump?
I only joined 6 months ago but understand that the market usually drops in the summer off season. Clearly FI are trying to prevent that happening this summer by extending/expanding the generous bonus offer. We all saw the massive boost that gave the market in April! Do you expect late June to have the same rise, or will investors take their cash elsewhere?
Personally, I think FI are using the bonus to keep deposits flowing for the next month, and will then release a stack of pent up new players to the index to stimulate investment in July. IPOs are long overdue and am sure this isn’t by accident!
How do you think the curve will look for the next few months?