FTSE report8 Sep 2018 13:46
The UK’s leading blue-chip stock index, the FTSE 100, is trading just below its all-time high of 7,877.5 printed back in May. It’s currently trading approximately 6% below this high watermark.
The FTSE 100 first broke through the fundamentally important 7,000 level at the beginning of 2015. Market uncertainty then caused it to fall to less than 6,000 at the beginning of 2016. However, by the end of the year, the index had broken to a new all-time high above 7,000. Since then, a buoyant global economy has helped support share prices and pushed the FTSE 100 higher.
I believe this rally is far from over. As investors continue to pile in, the bull market could take the FTSE 100 above 10,000.
The road to 10,000
A target of 10,000 for the FTSE 100 might seem like an unreal expectation, but it’s pretty easy to see how the index gets there.
Despite the fact that the index is trading close to its all-time high today, many of its largest and most recognisable constituents are trading at depressed levels.