The large majority for Boris Johnson’s Conservative party sees the pound and UK shares react positively, as investors welcome greater clarity on the policy backdrop.
We expect a return to a more normal market environment in which individual stock-specific factors are the primary driver of long-term stock price returns.
Stock market volatility is likely to increase and stock selection will become more important, as global uncertainty continues and the US bull market shows early signs of exhaustion.
A handful of “superstar” firms have changed the investment landscape in recent years. But should their dominance be ringing alarm bells for investors?