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.
As expected, the market rebounded after July’s 6.6% retracement, putting in a decent gain of 2.7%. The VIX fell 33%, suggesting investors have returned to “risk-on” mode in earnest after the Eurozone successfully “kicked the can down the road” on Greek debt that will never be repaid.
The US stock market, interestingly, is still below its starting point for the year. With this in mind, this month’s recommendation comes from across the pond and suits both high-risk USD based investors looking to profit from favourable US equity market conditions as well as UK investors who have benefitted from a surge in the pound versus the USD.