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 that considering that the FTSE 100 was lying 199 points above the 200 day average and at a “triple top”, some sort of pullback was likely. As it happens, the market fell 101 points (1.5%) after the market failed to break the recent high of 6,863. Our only recommendation was the Ladbrokes 5.125% 16/09/22 bond, which has risen 3% in the secondary market since its issue.
In this months commentary, we are recommending a handful of quality names with good dividend yields that look cheap on the charts and with decent upside to their average broker price target.