The UK FTSE is shrugging off bad news with ex-Prime Minister Liz Truss becoming the shortest-serving PM in British history, not a statistic to crow about. Technically we can see a break by the FTSE of its post-Covid highs over the coming months which illustrates its relative strength compared to the ASX and S&P500 which are languishing well below their equivalent level.
- Similar to local and US equities we believe even while the country’s government is in disarray the stock market looks solid.
MM remains bullish on the UK FTSE into Christmas
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