Doherty Pension & Investment Consultancy

Since my last bulletin the global equity markets have proved to be very volatile. The FTSE 100 has attempted to rally through the banking problems with aid from sectors such as mining and healthcare. Whilst this has helped to underpin a positive month in the portfolios, I am sceptical that the returns can be sustained. From a macroeconomic perspective I feel that the US recession has not been totally discounted in the market place. The US earnings season that just past has seen huge bell weather firms such as GE and Microsoft disappoint.