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What is driving the FTSE100....
It just seems to be on a roll.
I used to slag it off as a sickly index compared to the S&P500 and NASDAQ but lately it is on a flier.
Do you think it is a bubble?
Comments
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Not in bubble territory yet. It's basically had one particularly good year in the last 5 compared with the S&P500 in GBP terms.
2 -
Main reasons for its resurgence seems to be a recognition that after years of poor performance the FTSE100 was undervalued. Plus nervousness about the boom in the Nasdaq/ S& P 500 . Maybe a bit of Donald factor in there as well.
2 -
Multiple reasons:
- Fall in the dollar.
- Growth stocks are out of fashion at the moment. Value is in fashion. There is some rotation going on.
- Look at asset make up of the FTSE100: miners, energy, defence, financials. All very fashionable at the moment.
Do you think it is a bubble?
No. Just because something goes up, does not mean its a bubble. As it stands, the FTSE100 is only just above the long-term average with valuations.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.3 -
Why would you compare the FTSE 100 to those indices?
It's not a direct comparison either, but the cac and dax would be more appropriate.
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Trump jumping on tariffs and then doing a TACO has somethng to do with turbulence in US stocks and world money looking for safer havens such as undervalued FTSE or gold,
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Gold a safer haven to avoid turbulence? 🤣
1 -
An 18 month view is instructive. Trump wins election, US rises. Trump takes office, US falls. Since Lib Day there was little in it until December so you could say it's only two months of UK outperformance - a mere blip but so rare in recent years that it makes us sit up. PS The lines were touching at the end of December so you could say just a month.
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"Gold a safer haven to avoid turbulence?"
Obviously not, but a lot of people seem to think so given the price changes.
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Looks to me like people are trying to make a quick buck, not trying to avoid turbulence.
3 -
One year on and you're still 50% up after the latest fall, so not so bad, even with selective time scales. Those who lept in the last few weeks may well have been the quick buckers :)
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