Kames' Wells: My shopping list is ready to take advantage of market opportunities

The economic recovery is long in the tooth and the rate of growth is slowing.

Meanwhile, the price of money is rising and global trade tensions increasing. This provides the backdrop for divergent views on what to do with industrial stocks. Should one sell because valuations are high and it is downhill from here, or hold on as the longevity of demand surprises and is sufficient to sustain current valuations? UK industrials continue to report strong organic sales growth, typically high single digits, and well above the rate of global economic growth. Profits are generally growing even faster than sales.  Strategists often find it convenient to talk about ‘cyc...