https://gam.gi/wp-content/uploads/2019/06/gamlogo.png 0 0 Mark Maloney https://gam.gi/wp-content/uploads/2019/06/gamlogo.png Mark Maloney2021-09-06 11:58:472021-09-06 11:59:52Market Commentary September 2021
This year, saying “all-time highs” has started to sound like a broken record. Nothing has seemed to rattle the market much in 2021, with volatility at historic low levels. But after the summer lull, things to tend to get exciting again for investors in September in what is historically the worst-performing month of the year, with the FTSE 100 falling on average 1.2%. However, although the average return is bad for the month, about half of all Septembers have positive returns. The problem is that when the market does fall in this month, the falls can be very large.
https://gam.gi/wp-content/uploads/2019/06/gamlogo.png 0 0 Mark Maloney https://gam.gi/wp-content/uploads/2019/06/gamlogo.png Mark Maloney2021-08-16 14:36:112021-08-16 14:42:08Market Commentary August 2021
When investors are disillusioned with the stock market, they tend to sell any rallies. And when they are willing to let the good times roll, they tend to buy any dips. So far, 2021 has been a year of buying the dips. During any trading year, a major index such as the S&P 500 routinely will dance above and below its 20-day moving average trendline. A more-meaningful sign of a dip is when the index approaches or falls below its 50-day moving average, regarded as intermediate-term support. On 18th June, the index fell under its 50-day m/a at 4,166. Within one week, it had recovered and hit a new all-time high, and stocks have been sailing ever since. In fact, the market could probably use a dip, just so investors can buy it.
https://gam.gi/wp-content/uploads/2019/06/gamlogo.png 0 0 Mark Maloney https://gam.gi/wp-content/uploads/2019/06/gamlogo.png Mark Maloney2021-07-05 15:28:072021-07-05 15:29:08Market Commentary July 2021
It is the eternal mystery - the days are long, but the years are short - and 2021 is no exception, with the months whizzing by and the mid-year already here. History will likely remember 2020 as the COVID-19 pandemic year, and 2021 as the recovery year. The health recovery is clearly underway, thanks to vaccines. Yet vaccination rates vary widely country by country. Politics is a factor, along with suspicion about treatments that were developed so quickly. The economic recovery is equally underway, aided by government stimulus. People-facing industries are seeing a return to something like the pre-pandemic normal, although a shortage of workers is slowing the process. And it’s not just workers that are in short supply; everything from semiconductors to bricks are subject to lengthening lead times, with subsequent price rises leading many to fret about the inflationary implications.