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I can’t recall the last time the FTSE100 (up 12.4% in Nov) beat the NASDAQ (up 11.5% in Nov). Indeed, apparently the ‘FTSE100 had its best month in more than 30 years’. Although the TechMark100 was also up a respectable 10%, the joy did not spread to the FTSE SCS Index which was only up 1.6%.
Of course, the picture YTD is somewhat different! NASDAQ is now up an impressive 35% YTD but the FTSE100 is STILL recording a near 17% fall. The FTSE SCS Index has fared little better with a 14.6% fall YTD.
The two main reasons behind this bumper month are both well publicised and, indeed, trailed in my previous monthly share price updates. Namely:
But there are still huge uncertainties. How deep will the recession be? How many millions will be unemployed? How many businesses will close for good? With < 1 month to go, will there be a BREXIT deal?
Investors turned to those battered previously – travel companies, hospitality, cruise lines etc. But others have performed well because of C-19. Interestingly we, like many others, got a puppy. Seeing how much my wife was spending in Pets at Home, it seemed a very good investment bet! Their shares have doubled since the start of the pandemic.
Outlook?
In a months’ time I’ll be doing the Share Review of the Year. In Jan 20 we had no idea of what was to hit us. I think we all just hoped that many of the uncertainties (US, China, BREXIT etc) would be resolved. I hope that we can enter 2021 with rather less uncertainty – even if some of those certainties like unemployment and higher taxes are unpalatable. But to paraphrase Donald Rumsfeld, ‘It ain’t what I know I don’t know that frightens me. It’s what I don’t know I don’t know…’
For a more detailed and extensive review of Share Performance in Nov 20 see HotViews Extra. Available to all our paying subscribers including HotViews Premium . IT COULD BE YOU! Sign up for just £395+VAT pa. CLICK HERE!
Posted by Richard Holway at '15:58'