The FTSE 100 has lagged the U.S. and German markets horribly. Those go-go markets have torn through the pre-Covid levels of the pre-crash and look bubbly to even bullish eyes.
While many people see a crash coming in the U.S., the question is will the U.K. crash alongside it? That would be kind of ironic, but the market doesn’t care, the U.K. can be in the bargain basement but it can just as easily get lobbed into the dumpster by a U.S. crash.
So this is my indicator to flee the small-cap index. The FTSE small-cap index is devoid of the noise that plagues the arb-ed, hedged FTSE that is used as a proxy for so many other trades that big macro moves elsewhere can pull FTSE index companies about like pit-bull savaged rag dolls.MORE FOR YOU
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