The UK FTSE edged higher last week and we see no reason to doubt our view that the index can punch through and test the 7700 area over the coming weeks – so much for rhyme and reason when it comes to politics, economics, and equities!
- The FTSE is impressively and arguably amazingly only ~4% below its post-Covid high making it one of the best-performing major indices in the process i.e. bad news has been good for stocks.
MM is bullish on the UK FTSE
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