Medium-term value exists in firms with good dividend cover

The million dollar question is in which direction does the stock market go from here and will the ro...

The million dollar question is in which direction does the stock market go from here and will the rotation out of defensives and into cyclicals continue? The FTSE 100 has rallied by 27% in fairly low volume, so the bears would say this is a bear market rally that will soon run out of steam. So, is it different this time? The economic backdrop still looks challenging as has been confirmed with S&P putting the UK on negative watch, although the extreme stress on the financial system seems to have been alleviated. It is difficult to say whether this cocktail of stimuli will result in a U-, V...