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Market Comment - July '24

July 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Putting UK politics to one side for a moment, the last month has been notable for extreme volatility following election results: India, Mexico, South Africa and the EU. The apparent reasons for the sharp moves did not always appear rational, which goes to show the uber emotional condition of both markets and the prevailing culture. This volatility, and underlying triggers, will persist for many years and will remain at the centre of the now unfolding multi decade cycle, particularly in the West. The triggers are many, and here are just a few… A dissatisfied 99%; swings to political extremes; countries living beyond their means feeding unsustainable government debt, which keeps interest rates high and depresses economic growth; hig ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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