PA ANALYSIS: Volatility here to stay in the age of the ‘Toblerone’ market

Added 10th November 2016

Ever get the feeling you’ve been cheated? As I write, the masses are rebelling against a momentous decision that has thrown the free world off its axis… and that’s just the changing shape of the Toblerone.

PA ANALYSIS: Volatility here to stay in the age of the ‘Toblerone’ market

And so, while our favourite confectionary loses its peaks so does our stock market with the FTSE 100 having another wobble today, presumably on the back of some trivial political matter across the Atlantic.

Does this mean you should be taking a bite into this weakness or, like the new Toblerone, are we expecting things to, well, fall a bit flat?

Since June’s EU referendum, you could say the path of the FTSE has in some ways resembled the traditional Toblerone, albeit with an upwards slope.


Having fallen to below 6,000 by 27 June, the index was up past 6,500 by the end of that month. We saw another slip at the start of August before threatening the 7,000 mark a couple of weeks later.

"Is volatility making you feel uncomfortable? The bad news is we ain’t seen nothing yet"

Fast forward to mid-September and worries about the pound saw £50bn wiped off the FTSE 100 in three days, before an all-time intra-day high of 7,129 was achieved on 11 October. That brings us to last week’s fall, and today’s Trump slump.

Is volatility making you feel uncomfortable? Currency woes aside, the bad news is we ain’t seen nothing yet.

For all the bluster around Brexit, the latest legal challenge means we are no closer to knowing exactly when Article 50 will be triggered.


Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Premier Multi Asset Global Growth - Alex Farlow
Premier Multi Asset Global...

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Gary Shepherd


Portfolio Adviser

Gary joined Last Word Media in 2009, becoming editor of Portfolio Adviser a year later. Previously, he worked at Incisive Media with roles across its Professional Adviser, Investment Week, Bloomberg Money and Mortgage Solutions titles. Gary has been shortlisted for various awards, winning Headline Money Investment Writer of the Year in 2010.



Investment Strategy




PA Edinburgh 2017
PA Edinburgh 2017

Thursday 7 September
Balmoral Hotel, Edinburgh

PA Alternatives 2017
PA Alternatives 2017

Tuesday 12 September
Sofitel St James, London  

PA Dublin October 2017
PA Dublin October 2017

Tuesday 10 October
Westbury Hotel, Dublin

PA US 2017
PA US 2017

Tuesday 17 October
Furniture Makers' Hall