Oct
10
Momentum Is Seen Faltering for One of World’s Top Equity Rallies
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FTSE 100’s valuation about 30% greater than its 5-year average
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Benefits of lower pound are already priced in, UBS says
The biggest stock-market rally in the developed world is going to lose traction before the year is up.
So say all nine strategists tracked by Bloomberg, who on average predict a 5.9 percent drop in the FTSE 100 Index by December. A rebound in commodities and a slumping pound since the U.K.’s secession vote have spurred a 14 percent surge in 2016 for the gauge, whose members get most of their revenues from outside the country…
Momentum Is Seen Faltering for One of World’s Top Equity Rallies
