A buy signal

Chris Dillow

Chris Dillow
A buy signal

We're approaching that time of year when brokers give us their forecasts for the FTSE 100 in 2014. It's never been clear to me how useful this exercise is; we shouldn't base our investment decisions very heavily upon something as unreliable as a forecast. However, if you do want some futurology there's one indicator you must watch - non-Americans' buying of US equities, as reported each month by the US Treasury.

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