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.
For this year, we have improved our editorial, including such features as an Investment Calendar for the coming month as well as a Trader’s Corner, providing investment ideas to short-term investors.
Since our last market commentary, in which we moved to overweight from equalweight on equities, the FTSE 100 has risen 90 points (1.4%).
After slipping back to below the 200 day moving average as tapering talks gathered momentum, the traditional Santa Claus Rally soon took hold as predicted and pushed the market to within 100pts of its 2013 high.
Our recommendations from last month put in a flat performance with the falls in HSBC and BATS offset by the positive performances from Centrica, United Utilities and Provident Financial. We are staying particularly bullish of HSBC and note Espirito Santo’s recent price target of 850p, indicating potential upside of 28% on top of a 4.7% dividend yield.
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