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It’s not as gloomy as it looks! FTSE 100 down, but not as low as 6 months ago

It’s not as gloomy as it looks! FTSE 100 down, but not as low as 6 months ago

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Stock market news over the past few days has been full of coverage of the perceived trough that the UK’s FTSE 100 index has recently fallen to.

At the close of trading on the London Stock Exchange on Friday last week, the FTSE 100, which is an index consisting of the 100 most valued blue-chip stocks of publicly listed companies on the London Stock Exchange, was at 7,427.31 points.

The general view is that this close puts it in the “tight red”, which is certainly the case when you look at last week, where the very sudden drop to 7,412 on Wednesday before the rapid rally, this close represents 123. point decline compared to the five-day moving average.

Commentary on the current state of the FTSE 100 tends to focus on reports of continued inflation acceleration in many Western markets, with some concluding that activity across the Atlantic in the US has had a negative impact as markets digest the Fed’s response to rising inflation at the Jackson Hole central bank meeting.

Although the buoyancy of the FTSE 100 index has clearly decreased in the short term, a different picture emerges when looking at the six-month period.

At the start of August, just three weeks ago, the FTSE 100 was at 7,409, significantly lower than last week’s Friday, which has attracted so much attention.

By March it had fallen to 6,959, a breach of the 7,000 mark the FTSE 100 has been trading above since mid-2021 when it rose, with all eyes on the 7,000 mark as a milestone.

In mid-2021, there were schools of thought that the FTSE 100 could sustain above the 7,000 mark thanks to inflows from foreign investors. Since Brexit in 2016, overseas investors (retail and institutional) have been reluctant to allocate money to the FTSE 100 index and other UK assets. The reduction of uncertainty was helped by the Brexit agreement at the end of 2020.

Therefore, when you look at the overall picture surrounding the value of the FTSE 100, there is bound to be a fair amount of volatility, and certain industries with multiple FTSE 100 listed companies, such as aerospace, have been factored in. experienced a significant amount of disruption recently, but the overall picture in the longer term does not look nearly as bleak as the current mood suggests.

It shows that volatility has continued in the normally stable index and has been for some time.

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