Tuesday, January 24, 2023 6:00 a.m

London was the latecomer. It was home to a sluggish stock market that was too dependent on dividends from the major commodity producers to attract capital. The tide has turned (Getty Images)

The FTSE 100 is becoming a giant hedge fund.

That’s why things are going so well after all the naysayers have warned that Britain is headed for a long, if shallow, recession next year.

Of course, the stock market is not the economy. How…