A nice easy one this month: FXPO stays in on account of still being in the Greenblatt Screen.

The MHP has taken a hefty hit over the last 3 months, more so that the underlying benchmark. The Footsie recovered strongly in 2019, after having seen a large down-turn at the end of 2018. The indices have turned down sharply again. It seemed reasonable to suppose that another downleg was on the cards after the strong recovery. I am surprised by the speed of the downturn over the last week, though.

The market is up only 8.5% over the last 5 years. It has been a rather grinding market.

Take care out there.

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