I like to often have a cup of tea (or seven) and look over markets from a longer term perspective as it allows me to remain sane and sound when the world (and our portfolios) are seemingly crashing down around us. Which is a great lead into a new quarter and this week’s edition of Momentum Monday.
Before I continue I just want to confirm have you received your fortnightly email from us highlighting some of the main interesting articles of the week? Its a nice summary relative to the wide ranging information you can get trying to navigate the platform. If you didn’t receive it, perhaps check your junk folder just in case. Unfortunately email systems can be a little heavy handed with the way they treat messages so be sure to include us on your “safe sender” list
Also it was great news last week with Stockopedia winning the award for Best Private Client Research Provider at the 2023 UK Good Money Guide Awards, in recognition of the unique insights we deliver and our dedication to member's success. Well done Team!
The agenda for today’s report is:
Broader market sentiment
Stocks of Interest
52 week high screen
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JUST A REMINDER: I do not use the market charts to make decisions as to when to buy or sell. I will always use a stock’s individual chart to do that. However, I do look at the market charts to get a sense as to how aggressive/cautious I can be when trading/investing individual stocks.
Broader market sentiment
S&P500
OK before I continue, this is a timely reminder why I have trained myself to block out a lot of the stuff that I built my career on and saw us number #1 fund manager in the country a number of times. As retails investors we have a distinct advantage over those guys, in particular with the ability we have to control fund flow given our smaller investment amounts with the exception of likes of Twiggy Forrest if he was a client- (I am not breaching any privacy rules by saying no he is not, just in case you were wondering.)
The US Market had a strong week and it was its third positive week in a row rising over 3%.
Further for the quarter,…
