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Johan De Silva
Posted: 14 January 2023 12:16:34(UTC)
#12

Joined: 22/07/2019(UTC)
Posts: 4,426
SF100;253786 wrote:
equal & opposite effect in S&P this year or next?

I don't think we can win with the US purely on the currency unless we hedge the world tracker and there are options to do this. OR the US markets go up massively. This is because I believe when US stocks go up money flows from cash into stocks but this is not a narrative I hear much but one I perhaps have made up by looking at the data. But as this plays out the commodity prices should go up with a falling dollar so investing in the UK we should benefit from this.
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Robert D
Posted: 14 January 2023 12:18:28(UTC)
#5

Joined: 06/11/2016(UTC)
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ANDREW FOSTER;253787 wrote:

But they aren't cheap. They are at their highest level ever. That's what 'record high' means...

It was 'cheap' at 6800 a few months back....

Only a Remainer could describe a record high in terms of 'catastrophe' of course. While being overweight in that area. It appears Brexit has made you richer ;-)


They're still cheap, particularly the 250

The catastrophe is the devastating effect Brexit has had on the economy.

You really do need to read and understand what people are saying, not making things up to suit your own agenda
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Johan De Silva on 14/01/2023(UTC), Optimist on 15/01/2023(UTC)
Keith Cobby
Posted: 14 January 2023 13:53:11(UTC)
#13

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Brexit has made absolutely no difference to UK stocks, they have been lowly rated for decades. I very much doubt this will change and that over the next decade a widely diversified global fund will again handsomely outperform UK indexes.
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8 users thanked Keith Cobby for this post.
Aminatidi on 14/01/2023(UTC), ANDREW FOSTER on 14/01/2023(UTC), Raj K on 14/01/2023(UTC), Jimmy Page on 14/01/2023(UTC), Guest on 15/01/2023(UTC), Nigel Harris on 15/01/2023(UTC), MarkSp on 15/01/2023(UTC), Martina on 15/01/2023(UTC)
Pre Ka
Posted: 14 January 2023 14:49:07(UTC)
#14

Joined: 07/04/2019(UTC)
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what does one think will happen on the day the government just says that we will be rejoining the EU, will the pound fall or go up, will the stock market rise or fall,
I think both will shoot higher.
QED brexit was a dumb idea for the British. but then one may have been smart and not invested in the UK as I have certainly enjoyed the tail wind of the pound falling boosting my international stocks prices higher so can not really complain.
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Steve DW on 15/01/2023(UTC)
Tim D
Posted: 14 January 2023 22:57:49(UTC)
#15

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Pre Ka;253796 wrote:
what does one think will happen on the day the government just says that we will be rejoining the EU, will the pound fall or go up, will the stock market rise or fall,
I think both will shoot higher.


Look at what happened in 2016 after the referendum surprise
(Nice write-up at
https://www.theguardian....-plunge-on-brexit-panic
).
The pound went down... but after an initial panic the FTSE100 went back up... because about 75% of FTSE100 company revenues are from overseas, and became more valuable in GBP terms. Really sorted the men from the boys amongst active managers who was buying (canny) and who was selling (clueless) that day I think.

(The more domestic focussed - although still ~50% foreign revenue - FTSE250 didn't fare so well.)

I'd imagine that'd play out in reverse (not that I'm expecting it to happen any time soon). GBP up, but the pound strength would suppress market rises because the foreign revenues would become less valuable.
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ANDREW FOSTER on 14/01/2023(UTC)
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