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Stock Market Review October 2022 – January 2023

by | Jan 23, 2023 | News | 0 comments

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Happy New Year from all at CFM

A new year a new start and so far it is a good one. On the first day of the new quarter the FTSE 100 was trading at a 9-month high. This is partially reflecting the low price of UK stocks relative to their global peers and the concentration of oil, commodity, and pharmaceutical stocks which investors have switched to from tech stocks. In the UK there have been good trading statements about high street sales and even some bid speculation which has not been seen for a while.

Oil price is down 16% this quarter. Prices at the pump have started to come down, although not quickly enough. Gas prices are down 30% this quarter. Eventually this will help disposable income as the year progresses.

 

Market Review October 5th 2022 to Jan 5th 2023

Markets improved from their October lows. The FTSE 350 up 9%. The US stock markets were mixed S&P 500 up 1% and the Nasdaq which contains technology and biotech stocks down 7%. The HSBC MSCI World ETF ended the quarter -2%. In short UK stocks outperforming and global stocks slightly down. This will be reflected in your portfolios where we favour UK and higher yielding stocks.

 

For more comment please see Outlook for 2023 and the three themes I see as key: Inflation and the direction of interest rates; and Technology Disruption

 

Paul Coffin
January 2023

 

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Emma Tuckett

Investment Manager

Well-respected Investment Manager, Emma Tuckett, has joined CFM following a successful career at Killik & Co.

After nearly a decade working in Trading and Investments, Emma has worked with clients from a wide range of backgrounds and has extensive experience in Advisory and Discretionary Investment Management, with a particular focus on ESG investing and helping clients align their investments with their long-term objectives and values.

emma.tuckett@capitalfinancialmarkets.co.uk

Joanne Hill

Compliance Manager

Joanne has joined Capital Financial Markets as Compliance Manager having worked in the Independent Financial Advice sector for over 30 years. 

Joanne holds a degree in Business and Finance, the CII Diploma in Financial Planning and has a wealth of experience and knowledge within Financial Services.  Joanne’s role is to protect both Capital Financial Markets and our Clients.

joanne.hill@capitalfinancialmarkets.co.uk

Saffron Heasley

Client Administrator

We are delighted that Saffron joined the CFM team as our business apprentice capably fulfilling the Client Administrator role. Saffron brings enthusiasm, reliability and a strong willingness to learn. In this role, Saffron supports the smooth day-to-day running of the business, providing essential administrative support across the team helping to ensure processes run efficiently and compliantly.

With a keen eye for detail and a proactive approach, Saffron is developing a solid foundation while working closely with colleagues across the organisation. Saffron is a valued member of the team and plays an important role in supporting CFM’s operations as we continue to grow.

saffron.heasley@capitalfinancialmarkets.co.uk

Paula Mitchell

Head of Operations & People

Having worked with us as a consultant for over eight years Paula brings that familiarity to the organisation and has joined the CFM team as Head of Operations & People.

A seasoned finance and HR professional with a masters in HR Management, Paula combines analytical strength with a people-centred approach to drive operational excellence. Paula will be leading the team and supporting Paul with the operations and people strategy ensuring sustainable growth and the smooth running of the business.

paula.mitchell@capitalfinancialmarkets.co.uk