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FTSE / DOW YTD

If you're say Ferguson (Wolsley as was) and you're selling loads of stuff as the US economy is busy, there will be more dollar profits to repatriate, albeit at a worse exchange rate.

It seems to me FTSE is clearly reacting to cable movement but ignoring the other affect. Or maybe I have rose tinted specs and only want to see what I want to see.


The move also implies most of foreign trade is in dollars as it's cable that's moving. BP. and RDSB I guess but they aren't significantly down.

Should have just shorted FTSE after the Santa rally. For some reason thought it would be different this year...

From a personal point of view, its the utilities that are dragging the FTSE and me!

Thanks Skinny. Just my frustration creeping out.

I'm doing OK here overall but it feels like I just can't get a break. Maybe it's just me but every piece of news I have on the stocks I've got seems to being interpreted with a negative outlook.

I keep looking at the ultilties stocks for their dividend yield. I know the regulator is becoming more assertive but some of it looks overdone to me. UU. and CNA in particular.

Dividend yield seems to be out of fashion at the moment.

CC - further to my post 10 :-

London close: Pound surges to post-Brexit high and wallop FTSE stocks