We have a golden cross on the FTSE 250 with the 30 day moving average rising above the 200 day moving average.  In my experience, this is a fairly good predictor of a steady but unspectacular rise across the whole UK equity market over the next 6 to 18 months.  It is quite remarkable bearing in mind the continuing uncertainties with the US election, Brexit and Covid.   I think the market will be supported by investors in long government bonds who will gradually realise that they are holding return free risk.

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