just goes to show cheaper oil prices are being seen as a detriment to all stocks, would have thought that more money in the public pocket would be a good thing. just goes to show nobody can predict the share market.
Checked out past few years and always a small pullback this week before Christmas, santa rally hopefully will commence in earnest next week, merry Christmas to you all, I hope you all have a warm home and food on the table, after all that's what is important x
we are entering the final stages of the "pain" trade with funds forced out of commodity positions. it may be that what we are seeing weighing on the FTSE is ETF based selling which would explain why there is no clear pattern in the sectors. as yet I would expect the commodities to materially underperform the financials as may begin to see more aggressive sector rotation. The FTSE is merely rebasing as commodities which have been a major part of most tracker funds since 2009 are being sold. If you think we have fared badly over the last 6 months it is nothing compared to many institutions and hedge funds. Blood on streets it is time to be bold GL
in my opinion the move down is market lead. A few more days and we will know the figures which either support a break out upwards or mean another injection of patients is virtuous. The buying today has been strong and the price is floating downward, so i assume most out there are optimstic about next week and then the divi news will be clear but not gauranteed
Looks like HMG is putting the sell of its remaining holdings in place by striking the acceptable price to the market place. There is no other explanation unless the final results are not what we all expect and that the divi has been rejected. Any thoughts?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.