Themeless market awaits new trend

The major theme in the market seems to be that 'there are no themes'. In a market that has been used to strong and prolonged trends over the past few years, whether it has been financials, tech or momentum investing, fund managers are complaining that there does not seem to be much to latch on to at the present time. One wheel has already come off the technology bandwagon and there is no raison d'être to invest on a momentum basis in a market that has only had sideways movement for the past two years. In the UK, economic growth has been robust over the past few years, albeit without the...