Join our community of smart investors

Budget fails to dispel unease about the UK recovery

Good companies with international revenue remain Phil's preference despite UK value.
Budget fails to dispel unease about the UK recovery
  • Stock markets remain jittery about recovery, rates and inflation
  • Markets may well consolidate this year after prices ran away from earnings in 2020
  • Pension savers clobbered in the Budget

Stock markets continue to show signs of worry about economic recovery, interest rates and inflation. As a result many shares are struggling to make much progress right now and might not do so for some time.

After a very strong 2020, when share prices ignored what was happening to profits, it would not surprise me if we ended 2021 with markets down by 10 to 15 per cent and I don’t think that this would be a bad thing for long-term investors in shares.

To continue reading...
Subscribe to Alpha Today and You’ll Get
  • Unlimited access to all of our content
  • Phil Oakley’s round up of companies and updates on his Fantasy Sipp portfolio
  • Broker style company research notes from our small cap expert Simon Thompson
  • Quality, Momentum, Growth at Reasonable Price (GARP) and Dividend Yield stock screens
  • Algy Hall’s monthly value-momentum investment trust screen and portfolio of diverse closed-end funds
Have an account? Sign in