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.
‘Quad … what? A US broker recently made us aware of this term, describing the phenomenon of all four US indices making all-time highs on a single day. Last week it was the Dow Jones, the S&P 500, the Nasdaq and – finally – the Russell 2000 hitting highs unseen before. Four in one go – quadfecta as in a horse-betting trifecta (where the bettor must forecast the first three finishers in a race in the correct order). That is quite an achievement as the markets face continuing White House shenanigans, North Korean tensions and a Catalan-driven European showdown. It is worth noting that in stock market history, this phenomenon rarely marked the end of a bull market.