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The FTSE 100‘s on a roll. It’s just nudged to another all-time high of 8,735, having climbed 5.75% year-to-date. It’s up 15% over the last year.
Throw in the average yield of 3.5% and share buybacks, and that’s a total cash return of more than 20%. Who said the UK stock market couldn’t cut it?
This raises the question: how much further can it go? Another 3% will take us to 9,000. But what about 10,000? That requires a 15% surge from here.
Can blue-chip stocks keep flying?
I decided to ask ChatGPT. Artificial Intelligence (AI) can’t tell the future anymore than I can. But I was still intrigued to see what it would say.
The chatbot highlighted three big positives. First, the FTSE 100’s cheap compared to US markets with an average price-to-earnings (P/E) ratio of 15.5. The S&P 500 trades at 27 times. Those are my figures, not ChatGPT.
This could attract…
