Manoj Ladwa, Partner at TJM Partners, joined Zak Mir and Mike Ingram to round up the Tip TV Finance Show by discussing the forecast for the FTSE 100.
The FTSE 100 could see early 5000’s
Mir noted that the FTSE 100 is a nightmare, and Ladwa continued that after closing beneath 6000 yesterday, it is not looking great, and Ladwa believed the FTSE could see mid 5000’s and if momentum continues possibly early 5000’s.He added that taking out the high of 6300 could see the FTSE 100 back to 7000, but it is unlikely.
Ladwa outlined that there is nothing sticking out in the FTSE 100 as a buying opportunity, only small stock firms.
Watch the video to see his views on UTV and Royal Dutch Shell (LONDON:RDSa), as well as further insights into the FTSE 100.