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Is it a bear or a bull?

Does the sharp fall in the stock market mark the end of the long bull run or is it just a blip? Stock markets never really go up in a straight line, but even Enables’ IFAs in Bishop’s Stortford were surprised by the suddenness of the setbacks that shares around the world endured this August after concerns over slowing growth in China. But many of British leading fund managers see it as a blip and are fairly optimistic.

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Gary Potter, who buys funds for F&C Investments, described the global stock market rout as a “correction rather the start of a bear market”. “Not a great deal has changed of late other than sentiment,” Richard Buxton, who manages the Old Mutual UK Alpha fund, described the stock market falls over the past 10 days as “indiscriminate”. “Markets are caught up in a vortex of fear between China’s growth falling away and a possible US interest rate rise,” Mr Buxton said.

“These fears are understandable but hardly new. China has been weakening for months. It is now front page news and creating a classic spiral reaction.” Mr Buxton also said the slump – which has seen the FTSE 100 fall by 8pc this month –“had created the best buying opportunity he had seen for several years.”

“A bear market normally requires an economic recession and for the moment that seems unlikely in developed markets. It does appear that we are in a period of heightened volatility as investors seek assurance that central bank policies will be effective in supporting growth.” If you want to review your investments Enable’s IFA’s are always happy to help.

Issued by: Enable Independent Financial Life Planners 
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 – Fax: 01279 657339
 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE  

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