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.
The FTSE 100 has continued to gain ground following the UK’s shock Brexit vote. A lot of this can be attributed to the devaluation in the pound, which will increase the value of such internationally focussed companies. The FTSE 250, on the other hand, has only just surpassed its level of the 23rd of June. Still, the performance has been impressive but considering we are now in the seasonally weaker part of the year, we would argue for caution over the next few months. Markets never go up in a straight line and a short-term pullback would indeed be healthy for the markets before its traditional strong finish to the year.