Four graphs explaining... UK equities

A fund manager, multi-asset manager, fund picker and economist picked graphs that show FTSE 100 outperformance, small versus large caps, and overall equity returns. Richard Penny, fund manager, CRUX Asset Management Two years of Covid-19 and a forecasted consumer recession in 2023 mean the earnings 'power' of the UK are hard to ascertain. The CAPE takes the average earnings for the last ten years and divides by current market levels. At today's level, the UK (and Europe) has historically returned double digits over the subsequent ten years. There is a lot of bad news in the price! ...