You will find below a link to the output from our October Investment Strategy Committee meeting.
The ISC meeting took place on the first day of the recent stock market weakness and we are watching with interest to see how this period of volatility shakes out, see the link for our current view. Donald Trump continues to surprise in terms of his “Presidential” behaviour, which is trickling down to his supporters and even his nominees. We are interested in the result of the US mid-term elections and their potential economic implications and this is touched in the commentary. They say Politics and Sport should never mix… We say the same for Politics and economics. It remains to be seen whether there is a #metoo backlash post Brett Kavanaugh’s nomination and whether that is significant enough to derail Trump and the Republican party’s control of all branches of the US government. It may be that his supporters are quieter, but greater in numbers. We will find out in November.
Please note that the document is a summary of certain views, which have been discussed at our Investment Strategy Committee meeting. We are always happy to discuss further anything touched upon or indeed any other investment or economic themes that may concern you.
Read Q4 Tactical Review and Summary
Important Information: The views and opinions contained herein are those of the author(s) on this page and may not necessarily represent views expressed or reflected in other FPWM communications or strategies. This material is intended to be for information purposes only and is not intended as an offer or solicitation for the purchase or sale of any financial instrument. It is not intended to provide and should not be relied on for accounting, legal or tax advice, nor can anything stated be considered a personal recommendation. Reliance should not be placed on the views and information in this document when taking, or refraining from taking, individual investment and/or strategic decisions. Past performance is not a reliable indicator of future results. The value of an investment can go down as well as up and is not guaranteed. All investments involve risks including the risk of possible loss of principal. Information herein is believed to be reliable but FPWM does not warrant its completeness or accuracy. Some information quoted may be obtained from external sources we consider to be reliable. No responsibility can be accepted for errors of fact obtained from third parties, and this data may change with market conditions. These views and opinions may change.
