RE: Windows34516 Feb 2022 16:14
Hi Chequemate
I agree, the uk FTSE 100 is full of stuffy old banks and oil companies, both of which i like and have invested / traded in for years, both will do well in an inflationary environment
The worlds stock markets including the UK have always blindly follow the US market up or down, what we don't have in the UK is the Tech stocks that have driven the US markets to ridiculous heights
I feel this Tech trade is ready to unwind in the US due to higher interest rates & quantitive tightening, even though our market has not benefitted from the rise as the US has, we in the UK will get the full force of the fall when it comes
Just a word of caution on SUK2 if you have not traded it before, it does accurately track the double inverse of the FTST 100 over a daily period, over a longer period it does not because of how it is manufactured, if the FTSE 100 fell by 20% over 6 months SUK2 would not rise by 40%, if that makes any sense.
All the best