The FTSE 100 is nearing a file excessive, however firm valuations nonetheless look low cost. These postpone investing on the prime of the market could discover that the general degree of the inventory market belies the variety of particular person stock-picking alternatives.
Britain’s blue-chip index of massive enterprise was 40 factors off an all-time excessive of seven,903 final week as buyers started 2023 with a optimistic mindset amid falling inflation figures. By Friday, it had fallen beneath 7,770.
The FTSE 100 is up 2.4% over the previous 12 months regardless of a looming recession that might be deep and lengthy when you imagine the Financial institution of England (or shallow and quick if the Workplace for Price range Accountability is true). This one
