The UK FTSE has defied weakness in global equities this year to continue registering fresh multi-year highs i.e. as we said earlier not all indices move together. The FTSE is far more a value as opposed to tech weighted index which clearly shows which part of the market has been thrown into the naughty corner early in 2022. Importantly this is a good read through for the ASX which is far more correlated to European indices than the US.
MM remains bullish the FTSE
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