We just can't get enough of Brexit, can we? Seems every day I see something new on my news feed or Twitter feed about the impact of Brexit on the global economy or UK economy or Scottish economy. Funny thing is, a lot of these articles seem to contradict each other. Makes you wonder if they're just filling content ... hmmm ...
Anyway, here's an online article from "Anonymous" at IG.com ... I know, nothing shouts credibility like "the internet" and "anonymous", right? But, hey, there are facts and figures and charts. The thing is ... the post-Brexit vote economy in the UK arguably is rebounding from the Brexit vote swoon, but real estate continues to lag. Healthcare, on the other hand, appears to be picking up ... so maybe ...
UK property sectors fail to recover from Brexit wrecking ball
Nearly the whole UK stock market has regained its pre-Brexit level, but there are three sectors clearly underperforming: real estate, telecoms providers and consumer discretionary. Does this make for an opportunity? It depends mainly on your opinions on the property market.
UK stocks quickly took back the losses suffered in the immediate aftermath of the surprise UK referendum result, as swift action from the Bank of England combined with a quick turnaround in prime minister to underpin confidence in the markets. The FTSE 100 is now nearly 7% above where it was at the close on June 23, while the FTSE 250 is up 3.4%.
The best-performing sectors in that turnaround have been the materials, health care and information technology sectors, while there are three clear laggards: real estate, the consumer discretionary sector and the telecoms providers. The question for investors is whether those laggards represent an opportunity in a market that has shrugged off Brexit, for now at least.
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