Market Commentary October 2014
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 moved to underweight on the stock market, noting that the market was overextended with the RSI at 85%, adverse seasonal factors were coming into play in September and a correction was on the cards. In the event, the market fell 198 points (3.0%). Volatilty predictably rose to 16.3% and the USD strenghened to 1.6207 against the pound. Our only recommendation was Burford Capital 6.5% 19/08/22, which rose a quarter of a point.