Markets and funds rising this week

older_and_no_wiser

Seems like the markets are extremely buoyant this week. All my pensions and ISAs have shot up significantly. After a few quiet weeks, everything seems to be shooting up this week... today especially. 

I'm still waiting for this market crash that's been coming for the last several months.  Is this the calm before the storm?

sevenhills

All my shares were up, on one day, its been a good week for me too.

Sold Metro Bank and took a small profit, invested in AO. The FTSE is up 25% in 12 months, so times are good.

Thrugelmir

older_and_no_wiser said:

I'm still waiting for this market crash that's been coming for the last several months.  Is this the calm before the storm?

Which market are you expecting to crash?  Holders of Chinese stocks haven't had a comfortable ride recently.  

Alexland

Yes a combination of strong US market and devaluing pound has sent my developed world large and small cap ETFs through the roof. My UK investment trust is up a bit and my emerging markets fund is pretty flat. Still overall an unexpectedly good week which took me by surprise.

older_and_no_wiser

Yeah. I was shocked how my global small cap shot up this week. 

...ooh er missus (sorry couldn't resist!) 

ranciduk

My Vanguard LifeStrategy 60 has been very poor lately but has certainly gone up and up and up in the last week or two 

older_and_no_wiser

Thrugelmir said:

older_and_no_wiser said:

I'm still waiting for this market crash that's been coming for the last several months.  Is this the calm before the storm?

Which market are you expecting to crash?  Holders of Chinese stocks haven't had a comfortable ride recently.  

A lot of commentators are expecting some sort of general market correction due to the over valuation "bubble". 

Agree about the Chinese situation and I have a very small percentage of my portfolio invested in an actively managed Chinese fund (Fidelity Special Situations). Maybe now is the time to invest more in there?

Thrugelmir

Alexland said:

Yes a combination of strong US market and devaluing pound has sent my developed world large and small cap ETFs through the roof.

The £ against the $ has barely changed in the past month........

Alexland

Thrugelmir said:

The £ against the $ has barely changed in the past month........

Maybe not when comparing start to finish but during the middle the pound was a stronger which masked some of the improvements in the US markets for UK based unhedged investors until today when the pound dropped back down again on the interest rate news.

Thrugelmir

Alexland said:

Thrugelmir said:

The £ against the $ has barely changed in the past month........

Maybe not when comparing start to finish but during the middle the pound was a stronger which masked some of the improvements in the US markets for UK based unhedged investors until today when the pound dropped back down again on the interest rate news.

Currency speculators most likely found themselves on the wrong side of the trade and were forced to close positions. If we all knew what the BOE would do ahead of the meeting. Then making money would be so easy. Though would distort markets. 

Diplodicus

Thrugelmir said:

Alexland said:

Thrugelmir said:

The £ against the $ has barely changed in the past month........

Maybe not when comparing start to finish but during the middle the pound was a stronger which masked some of the improvements in the US markets for UK based unhedged investors until today when the pound dropped back down again on the interest rate news.

Currency speculators most likely found themselves on the wrong side of the trade and were forced to close positions. If we all knew what the BOE would do ahead of the meeting. Then making money would be so easy. Though would distort markets. 

No, there was no speculation ahead of the BOE vote appreciably raising the value of £. Significant movement happened on news of its result.

https://uk.finance.yahoo.com/quote/GBPUSD=X?p=GBPUSD=X&.tsrc=fin-srch