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Top Fund Manager Calls Top Of The Cycle

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Neil Woodford, manager of Invesco Perpetual's Income and High Income funds and one of the City's most successful fund managers during a 15-year tenure of the funds said that:

"cyclical stocks, such as those in building and engineering companies, manufacturers, industrial chemical suppliers and steel makers, currently carry the most risk as the slowdown begins

"Cyclical sectors typically perform well when the economy is on an upwards turn, but are first to catch a cold when the economy emabrks on a downwards cycle"

"Woodford claimed that the rise in unemployment over the past three months was evidence that the economy is slowing and warned that employment could fall further as the public sector has stopped absorbing private sector job losses"

http://www.thisismoney.co.uk/investing-and..._page_id=3&ct=5

Another acknowledgement that we are at the top of the housing market cycle and the only way is down.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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