Peter Brown: Why a stock market crash seems unlikely at this time

Despite the negative growth and earnings performance across the globe due to lockdowns, the markets have seemed to look beyond that to recovery

Cash buyers are a major force and despite the hassle of renting and the possibility of negative equity, which is unlikely in the foreseeable future, property is an attractive alternative to a bank deposit.

Given all that we have been through over the last 18 months the performance of the stock market has been nothing but stellar. 

The S&P 500 is up 18.3% year to date including dividends, the Nasdaq is up almost 14%, while the Euro Stoxx and the Ftse indices have risen 14.3% and by 15.3% respectively.