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 overweight on the stock market, noting that October was historically a good time for equities (occasionally punctuated by bond-jarring losses) but that any correction would be short lived. The August rally, following July’s decline for example, showed that investors were anxious to buy into any dip, suggesting that corrections into year-end will only beget more bargain buying.
In the event, a correction did bring the market down to 6,195 (-6.9%), however thankfully the correction was indeed short lived with the market subsequently rebounding 5.7%. Our only recommendation was Eros 6.5% 15/10/21, which rose 1%.