With November almost over, what a month it’s been for UK shareholders. News of Joe Biden’s US election victory gave cheap shares an early boost. Then news of three effective Covid-19 vaccines lit the fuse and shares skyrocketed like fireworks. So far in November, the FTSE 100 index has soared by 790 points since Halloween, up over 14% in four weeks in a record-breaking comeback. It’s a similar tale across the Atlantic, with the S&P 500, NASDAQ and Dow Jones Industrial Index all setting record highs in the past week.
The FTSE 100 has had a rough year
Although this month has seen a record-breaking rebound, the FTSE 100 has had a poor 2020. It’s down nearly 16%) this calendar year, even after November’s fireworks. With few big tech stocks and heavy weightings in banks, oil & gas, and miners, the Footsie has fallen out of favour among global … Read more