Busy couple of weeks on results front

Adam Kay

Hi O,

It's not stagnation more consolidation. Look where we have come from.

22/April to 22 July > 40% rally in Tech/Growth
22 July to 222 August has been flat.

The rally isn't typical however the pause is. Many reasons for it.

Market awaits new information
The buyers that pushed prices higher step back
Stock holders take profit
We have given back 2-3% on the FX rate

The usual psychologies weigh on our minds as rapid gains prevail it's too easy to expect them daily/weekly. It doesn't work like that. There is also (still) a lot of DT noise we have to wade through.

Cheers

Adam

2BToo

Thanks Adam. Always helpful stuff.

Edited to add: there dashboard numbers haven't gone up as much as I'd expect, given the market bump yesterday. Why is that? (Telling me that my expectations are too high is a perfectly valid response.)

dingg

Exchange rate, usd weaker v gbp by 0.8% on expected rate cut following Jackson Hole commentary

PorkInsider

@dingg said in Busy couple of weeks on results front:

Exchange rate, usd weaker v gbp by 0.8% on expected rate cut following Jackson Hole commentary

Also, I believe (I'm sure I'll be corrected if wrong) that the daily update of values we see is not from close of US markets, but some time before that, so if they rose, or fell, later in the session we may not see that next day?

Adam Kay

All prices are taken after the US close. FX is taken at 23.30GMT. With trackers(Global) some of their holdings are on exchanges which have not closed/opened at that time so these specific holdings will not be that days close.

Ronski

IIRC correctly it was 3pm UK time, but that may have changed.

The real reason for the slowdown is because I'm approaching another milestone in my pension pot, and as always it stubbornly doesn't want to go over it

Adam Kay

Hi Ron, There isn't a snap shot take at 3pm UK. I think it's all taken 23.30 GMT(for us) and by doing so it captures the UK close and the US close. The broker-dealer probably does take prices before then as they will supply data to many other asset managers and some of them may report(they do) at 10.30pm uk time (t0) particularly if they have a large exposure to UK stocks.

I hope this helps

PM3

"think" ?

Ronski

Thanks for the confirmation Adam, I seem to remember the 3pm bit was a long time ago, and I thought it may have changed.

Adam Kay

3pm(UK) is 'around' the time that the days buying and selling is conducted.

Adam Kay

UK financial markets are under severe pressure as gilt yields surge and sterling tumbles. As of today, 2 September 2025, the 30-year UK gilt yield has risen to 5.69%, its highest level since 1998. This is up from 5.27% on 24 June, when the Labour government took office, marking a 42 basis point increase. The sharp rise reflects deep investor concern over the government’s fiscal management, with fears that borrowing and long-dated debt issuance could escalate. Sterling has fallen over 1% against the US dollar, highlighting eroding confidence in the UK economy. Inflation remains sticky, public finances are under strain, and tax rises are now widely expected — a move that is likely to weigh on businesses and investment. Many are questioning Chancellor Rachel Reeves’ handling of the economy, with some speculating she could be replaced if conditions continue to deteriorate. Political and economic uncertainty are driving yields higher and market sentiment lower.

Ducati996R

Problem is thou …..none of her potential replacements seem to have a grasp on basic economics