Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

FTSE 100 Record High Comment from InterTrader’s Steve Ruffley

FTSE 100 Record High Comment from InterTrader's Steve Ruffley

Once again, we wake to the news of more record highs. This time it’s in the FTSE. 9 months ago, we were warned that Brexit may knock the markets by 10%, if Trump became president maybe they may fall 20%, yet here we stand at record levels. The explanation for this is easy. The world has gone mad. Last night we saw the FED finally start the path of normalisation on rate with a hike. Predicted to be 1 of 4 but most likely 3. In traditional economic models hikes in rates send markets down. Not in the new exciting world of ‘no news is bad news for stocks’.

On the serious side investors, with a lack of alternatives (interest on cash) have forgotten stocks are a risky investment. What goes up will come down. Now the FED are making cash more attractive and people will eventually pull out risky investments and put them into cash. The UK seems to be less willing to raise rates, but they are both cyclical and inevitable. They will go up soon.

The FTSE will target 7500, that is the next psychological testing point. Although it has never seemed comfortable above 7k the trend is clearly bullish. Selling new highs is not the strategy in this new ‘stocks at any cost’ mentality.

Continue Reading