Market volatility has surged recently, for reasons you’ll have read about elsewhere. By the time this article is published, the picture may have changed again, so I won’t make any attempt to guess at what happens next.
The underlying story seems to be that the UK (and global?) economy is probably slowing into a recession. However, the forward-looking nature of stock markets means that downside is often priced in well before the real-world economy starts to recover.
My rules-based SIF portfolio has become somewhat depleted over the last quarter.