Well having watched events in Parliament today I have to say that I suspect that TMs deal may now never be put to a vote, but who knows. However the potential for political turmoil is high with votes of no confidence, general elections, alternative deals, leadership challenges and a second referendum all possibilities. Where will this lead the market - I have no idea really.
The £ got really thumped as a result of todays events down 1.6% against the USD, 1% against the EUR and 1.28% against the AUD. But I see that IG has the markets up quite a bit tomorrow and US markets arent doing a lot, which is good at this critical time.
My new portfolio performed well today and was ONLY down just over £1,000. The previous one (before all my selling) was down £3,700 and is now down almost 5 digits compared with my new portfolio. Not hard to see why when you look at the following table of the stocks that I sold:-
This would seem to indicate that might be major opportunities in these stocks for anyone brave enough to buy them right now. But that’s definitely not me, I’m sticking to my plan. DYOR etc. !!
For anyone who has just held throughout, well good luck. You must have taken significant losses. Maybe it will bounce back quickly like it did after the 2016 referendum, I really hope so.
Still got my last 5 buys to do…