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Market Comment - September 2026

September 2026

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 time we, as had others, confidently declared the name of the new UK Chancellor, and were completely wrong.  Yet this common error did not put the UK stock market indices off their stride.   We also noted last time that: “There is no clear technical picture beyond the steady uptrend since March on no particularly obvious catalyst for small caps.” That remains the case. Headlines focussed on the S&P 500 hitting a new all-time high, yet over the month the FTSE Small Cap ex IT performed better, and the FTSE 250 twice as much (up 6%). Bizarrely, the Telegraph chose to ignore all of this and proclaimed “Burnham tax fears spark stock sell-off”, which was self-evidently wrong - more people must have been buying than sellin ...

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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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