What are your Santa Rally Expectations?
Hi guys, just a quick one today. What do you think could be a realistic Santa rally. Looking across a few indexes we can see that the U.S. has had a really good rally lately and pretty much all pushing their highs; likewise, Euro indexes, even through Asia. The U.K and ASX and still crawling around on the ground being only approx. 4% from their lows. The CAC has seemed to run well, and although we are similar with the FTSE, I feel we are lagging behind. I know we are still having inflation issues and not looking as good as other places, but with that, businesses are still earning. Even with a 3% rally, we'd only be back to where we were a few months ago. Regards, Simon