Bouncing Tech and India, Europe and Gold Slide [Sector Edition]

Fri 28 Jun 2024

By Brian Dennehy

Access Level | public

What's Hot What's Not


What's HotWhat’s Hot

  • After a sharp fall following the election, India has rapidly made up lost ground…
  • …but don’t overlook the valuation issue highlighted in this recent Friday Note.
  • Tech and North America have been driven up by Nvidia (again).  Take care.
  • The move in the two Asian sectors will catch the eye of investors taking a longer view…
  • …undemanding valuations, lower interest rates, a raft of reforms to release shareholder value.  What’s not to like?


What’s Not

  • Commodities is the notable sector faller…
  • …but valuations remain very attractive.
  • All three European sectors have suffered post-EU elections…
  • …rate cuts are needed to trigger a bounce, though France is a wild card.
  • UK Smallers are down a touch, but nothing terrible…
  • …they look excellent value.  Response to the UK election will be interesting.


What’s Hot


Last Month's Performance %

India/Indian Subcontinent


Technology & Technology Innovation


Asia Pacific Including Japan


Asia Pacific Excluding Japan


North America



What’s Not


Last Month's Performance %

Commodity/Natural Resources


European Smaller Companies


UK Smaller Companies


Europe Including UK


Europe Excluding UK




What's Hot What's Not


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