Please find this month’s Market Commentary newsletter which contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market.
Since our last market commentary, in which we turned negative on the markets, the FTSE 100 has risen 34 points (0.5%). The market did fall to 6,260 at one stage with the volatility index flirting with the 19% level. Precious metals performed poorly with gold falling 4.5% and sterling has tumbled against the Euro and the US Dollar as a result of poor economic data and the UK being stripped of its AAA rating by Moodys.
Along with gold, our stock recommendation Apple also disappointed with a 2.7% fall. Our iShares Emg Mkts Local Bond ETF recommendation performed well with a 4.5% gain over the month.