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.
Last month we advised investors “Following such a large fall in the market, we feel that technically the equity markets are due a bounce, having reached extreme oversold readings”.
The market subsequently put in a tremendous 4.6% rally in just one month. Investors were even buying gold again, which is now up 11% so far this year and wagers on rising prices are at a four-month high in the futures market.
All our stock recommendation turned in a positive performance – Aberdeen Asset Management (1.5%), BG Group (4.5%), BHP Biliton (7.7%), BATS (11.2%), Diageo (3.1%), GlaxoSmithKline (5.7%), HSBC (0.9%), Imperial Tobacco (8.9%), Tesco (2.9%) and Unilever (4.2%) with an average gain of 5.1%, thereby outperforming the wider market.