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Market Comment - July 22

July 2022

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.

The first six months of 2022 were historical for investors in three different ways.First, the Russian invasion of Ukraine feels more like the beginning of something than a one-off moment of lunacy by Putin. That means we, as investors, must expect increased problems with energy, persistent supply chains blockages and inflation higher for longer.Second, the beginning of the year appears to have been a 40-year pivot. What had been going up for 40 years, world equity and bond markets, are now in the early stages of a multi-year reversal. If the US stock market peaked on 3rd January 2022, as our analysis suggests, it will be years before the S&P 500 climbs to a new peak. I hope the latter is wrong, but it does appear to be th ...

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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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