If you had decided to double up your exposure to the London stock market at the beginning of last year then you would have done well in 2016. The FTSE-100 was up by 14.4 percent on the year, confounding the economic realists (like me) and the Brexit doomsayers (not like me). Though, if you were a US dollar-based investor you did not do so well; in fact, given Sterling's post-Brexit devaluation, you would have been down by around four percent.
The New York markets did even better, surprising us all with the end-of-year Trump Bump – but that is another story. Autre pays, autre mœurs as the French say.
Now the FTSE ended 2016 at an all-time high (and New York was not far off its historic peak). Such giddy moments demand a certain amount of sober reflection by sanguine investors.
Are the forces powering this upswing sustainable? Will the bulls continue to outrun the bears? Where exactly are we in the economic cycle? What are the major downside risks for the UK stock market right now?
by Zak Mir | Trading| 1 mins. to read It may sound facetious, but there is a lot to be said for having a personal knowledge of the company you are going to invest in, over and above shopping in a supermarket, or having a current account at a bank.
by Robert Stephens | Equities| 5 mins. to read This week has been a cruel one for Next plc (LON:NXT). It has seen its share price fall by around 17% following the release of a profit warning. In my view, the downgrade in profit expectations for the 2017 financial year was hardly surprising.
by John Cornford | Commodities | 8 mins. to read The recovery in mining stocks took many by surprise in 2016. However, despite the renaissance, there is still a heavy weight of opinion against the mining sector. With this in mind, the contrarian in me is optimistic for continued outperformance in 2017.
by Zak Mir | Trading | 1 mins. to read One of the perennial issues facing small caps is to effectively garner the positive attention of private investors. As far as Kodal Minerals (LON:KOD) has been concerned, this looks like it is finally coming to pass.
by Nick Sudbury | Funds | 5 mins. to read Most investment trusts normally trade at a discount to their underlying Net Asset Value (NAV), but there are one or two where the manager is so highly regarded that the shares generally change hands at a premium.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision.
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