I'm not as bullish on a lot of domestic facing consumer stocks, I think taxes are going up if only by stealth and indirectly - which will hurt a lot of consumer stocks imo
I'm looking more at companies that have international sales here. Shipping costs are rising too, that will hurt domestic retailers a lot I suspect.
I don't think inflation is going to stay so low after the election so wages will likely rise. So while the GDP numbers currently seem to be firming I'm not convinced it will last.
Labour's first budget is in September - god help them if the market gets spooked, there will be a weakening of the pound and we'll be back in the Truss position that they have constantly mocked - markets have a tendency to bite back politicians.
All in all it's pretty depressing for growth going fwd domestically - I'll look for co's with international earnings and if all else fails give up shares and do something else!
Are you feeling as bullish now for the next 6 months as you were after the great month in May? I ask this in the context of how the market may view the macro landscape (UK & French elections, inflation and interest rates etc)
Thanks Cockney. Richard Stavely was a fascinating listen. Rockwood might be a good investment itself. RCH has motored recently. All the best for the next six months, Starmer permitting.
Hi Stephen
I'm not as bullish on a lot of domestic facing consumer stocks, I think taxes are going up if only by stealth and indirectly - which will hurt a lot of consumer stocks imo
I'm looking more at companies that have international sales here. Shipping costs are rising too, that will hurt domestic retailers a lot I suspect.
I don't think inflation is going to stay so low after the election so wages will likely rise. So while the GDP numbers currently seem to be firming I'm not convinced it will last.
Labour's first budget is in September - god help them if the market gets spooked, there will be a weakening of the pound and we'll be back in the Truss position that they have constantly mocked - markets have a tendency to bite back politicians.
All in all it's pretty depressing for growth going fwd domestically - I'll look for co's with international earnings and if all else fails give up shares and do something else!
Thanks
Yes, one worry is the first Labour budget and the market's reaction to it.
And, if inflation starts to creep up how will that shape the B of E's interest rate policy and market reaction to that too?
We need to milk the next 2 months if possible!
Thanks again for all your hard work and sharing your investment ideas.
Many thanks for the detailed summary.
Are you feeling as bullish now for the next 6 months as you were after the great month in May? I ask this in the context of how the market may view the macro landscape (UK & French elections, inflation and interest rates etc)
Thanks Cockney. Richard Stavely was a fascinating listen. Rockwood might be a good investment itself. RCH has motored recently. All the best for the next six months, Starmer permitting.