(Before It's News)
The FTSE 100’s blue-chip outperformance over the mid-cap FTSE 250 will likely continue for quite some time, according to technical analyst Zak Mir.
In a Tip TV segment for Proactive Investors, Mir highlighted that the FTSE 100 thanks to the strength of its dollar earners has benefitted from the Brexit vote.
“FTSE 100 boosted by its dollar earners soared relative to the FTSE 250, [continuing] basically into the end of August … but since the beginning of last month we’ve seen the FTSE 100 once again outperform,” he said.
He added: “This relationship is presumably going to stay with us for quite some time, with the blue chips beating the mid-caps.”
Story by ProactiveInvestors