Friday Email: 02 June 2017
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
The FTSE 100 has continued to rise this week and is currently trading over 7580 which is a new all time high. As you may know I have consistently been bullish of the market on the grounds of the yield gap between equities and bonds. I would expect some weakness during the summer months, but I don't think the overall argument has changed very much.
The past week has been very quiet with very little in the way of corporate news and with the headlines being dominated, as you would expect, by politics and the general election.
The week ahead will continue to be dominated by the election although there are more companies reporting. As has been the case for weeks now, there are a very large number of companies going ex-dividend next week and the following week with decent payouts coming from Vodafone, Booker, Connect, Redefine, Persimmon, Restaurant Group and Pets at Home.
I have sent off my postal vote and am off to Barcelona and Seville for the next two weeks. I grow tired of election campaigns pretty quickly, but I have been quite fascinated by this one. I was a bit peeved when it was called as I had already booked all my hotels and flights. That said, I am looking forward to visiting two of Spain's great cities, so I will soon forget the election.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
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Read next: 26 May 2017
The FTSE 100 has had a fairly good week and is currently trading above it's all time closing high of 7522 reached on May 16th. The sell in May adage has not happened this year and it is looking increasingly likely that it will not happen with only 3 trading days left in May including today.
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