Despite looming fears of a UK recession this year and the worst cost of living crisis in a generation, yesterday the FTSE 100 closed above 8,000 points for the first time in its 40-year history. It comes less than two weeks after the UK’s benchmark stock index broke the previous held since May 2018. Although listed in London, 75% of revenue of the 100 companies are from outside the UK in economies with better growth prospects. The index has also benefited from the prevalence of energy companies who have profited from the soaring oil and gas prices since Russia’s invasion of Ukraine. Although yesterday marks a significant milestone for the FTSE 100 it’s still only 25% higher since 2000.