Date Title
17 Jan 2017

Asset Allocator 17/01/17

UK equities had another great week with all three major benchmarks, the FTSE 100, the FTSE 250 and the FTSE Small Cap, increasing in value over the week. The star performer though was the FTSE 100 again which increased in value by 1.77% over the five days to January 13th, breaking through the 7300 level. As I’ve said many times before in these articles, given current trends (and the FTSE 100 looks like it might be about to stage a major trend breakthrough) we could see this blue-chip index push past 7500 if current momentum keeps up. American stocks by contrast were down marginally by 0.1% over the week. On a one year basis, the FTSE 100 is now outperforming its American peer, by an increasingly substantial margin. This stellar performance for the Uk blue chip index last week came about despite the oil prices slipping back towards $55 a barrel for Brent, a fall of 2.18% over the week. 

10 Jan 2017

Asset Allocator 10/01/17

Happy new year and welcome back to a slightly surreal market! The Santa rally has continued into 2017, with the S&P powering past the 2250 barrier. As I’ve said before in these articles the next target must be for the S&P to move past 2500. It’s a similar story for the FTSE 100 which has also cruised past 7000 and then 7200 with 7500 the next target. The enthusiasm is even more pronounced lower down the market cap pecking order – the FTSE 250 was up 1.46% over the week to Friday 6th January.

19 Dec 2016

Asset Allocator 19/12/16

The Santa rally has continued for most risk based assets. Although the key measure of stock market volatility in the US (the Vix) did tick up slightly in the five days to Friday 16th December (from incredibly low levels), UK stock markets ended the week on a positive note. The FTSE 100 index of leading blue chip shares finished the week a tad above 7000 (at 7011), up 0.83% on the week, while the FTSE Mid Cap and Small cap indices also ended the week on a positive note – up 0.29% and 0.8% respectively.  The US benchmark equity index, the S&P 500, finished the week down slightly at 2258, but it was still above that crucial 2250 level. I stick with my core view that if markets remain on bullish form we’ll see the FTSE test 7500 and the S&P 500 an index level of 2500.  

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