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Market Comment - July '19

July 2019

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.

Last month we highlighted a significant peak just ahead and there is a strong possibility this occurred on 21st June.  If this route map remains valid, the pivotal stock market index on which we focus (S&P 500) is at the early stages of a downtrend of 25%, as a minimum. Now the detail.We had anticipated a slight new high in the S&P, with 2,960 as a target. On 21st June it closed the day at 2,954 and hit a high during the day of 2,963. Of course the market can go higher in the short term but for now the working assumption is that this index has just peaked and we are at the very early stages of a correction that will take us through the Autumn. How far down, and for how long?Expect the index to fall into a band of ...

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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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