Reviewing my FTSE 100 call

On February 23rd, 2023, I wrote a post titled the “FTSE is full”.

The price of the FTSE 100 was 7,915 on that day.

Within a month, that bourse fell 9% to 7,207.

Keep in mind that when I review my market calls it is not to resemble any bragging. My posts are meant to be a digital record of my views and I fairly review the good and bad decisions here.

I did think this was quite a prescient call, although it’s not so much whether one sold but it more of a ‘flag’ when not to buy.

Today, the FTSE has risen nicely from that mid March low yet it hasn’t traded above that February 23, 2023 price and its trend isn’t exhibiting the correct traits of strength.

I’m aware that sampling a 2 month window is hardly considered a lengthy period for many investors, but I’ll argue that taking risk and being exposed (with meaningful percentages) to the FTSE 100 over that time wasn’t the best risk adjusted strategy.

April 17, 2023

by Rob Zdravevski

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