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Lexington observed that just like winded runners, stock markets slowed at the end of last week. Since the start of the year, the FTSE All-Share Index has risen over 10 percent, hurdling past new highs several times.
The S&P 500 Index gained 8.8 percent over the same period. The index moved higher in 10 of the past 11 weeks and finished last week just shy of its all-time high. However, the FTSE All-Share and the S& P’s momentum – and that of some other world stock markets – slowed on Friday as stronger economic data was offset by an unexpected slump in consumer sentiment.
Skandia’s investors sentiment index – which gauges the feelings, of 20 of the UK’s largest fund management firms, about the current financial health of the stock market is showing a consensus positive view on the stock markets – meaning the index they are using as a benchmark, they believe, will rise more than 5% over the following 12 months.
