Regency View:

UK Sector Snapshot

Since last week’s Sector Snapshot the FTSE has experienced a 500+ point sell-off, followed by a 300+ point rally. This market-wide volatility has put the game of sector strength somewhat on the backburner as it’s really been a case of all stocks being impacted by market sentiment relative, in most cases, to their beta (expected sensitivity to market moves).

We can however make a few broad observations…

The first being the much-hyped fightback in Banking and Oil & Gas seems to have dissipated almost as fast as it appeared.

The second is that despite the market volatility, Mining remains near recent highs. In fact, it’s the only major sector within touching distance of its June highs. This underlines the level of impact that the global monetary stimulus is having on trader’s inflation expectations.

FTSE 100 Key Sector Snapshot