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Market Comment - February 2023

February 2023

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.

SCSW subscribers have had a rip-roaring January as you can see from the electrifying performance of our 11 New Year NAPS last month - one of which has already gained 171%. Several more are around 40%+. But it is also important to understand the market conditions, which are particularly interesting today. Starting with valuations, since 2016 global investors have been net sellers of UK equities, which has created very attractive valuations. That is great news. In contrast, the globally dominant US market remains about as over-valued as in 1929 and 2000. That is bad news. A forty-year uptrend does not correct in 12 months. If you accept that premise, the 9 months of falls since the US stock market peak on 3rd January 2022 can ...

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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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