Markets hate uncertainty. Investors don’t invest. Or they fear and sell. Then a dam of money builds up, waiting for a new home to find yield.
Well, since Friday, the dam has burst. The FTSE 100 posted a big rally. Leading British companies saw their market value jump £50bn.
One key piece of uncertainty for our portfolio has been the UK election and the Brexit plan. We now know — give or take wrangling with the EU — more of what we may get. Boris Johnson won the largest majority since Thatcher’s 1987 landslide. Giving him a mandate for his deal…
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Simon is the Chief Executive Officer and Publisher at Wealth Morning. He has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios.