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Market Comment - October '24

October 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.

It was a dull month for the UK indices. The upcoming UK Budget has undoubtedly given investors cause to pause, though Europe and the US are only marginally better. The big US rate cut helped the US, but the upcoming election feeds hesitation. And the primary support for Europe is hopes for ECB rate cuts. In microcosm what occurred was what we expect to unfold for years ahead, with the axis for superior investor profits moving East. China was the star, up 15-20%, which in turn spurred more confidence across Asia as a whole, up 6%, and Japan and India up 3%. Reflecting a new world of inflation volatility, let alone worrying geopolitics and sub-par debt mountains, gold and gold miners were up 6%. In such a period of inflation, ...

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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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