The FTSE 100 is in the dangerous ‘dog days’ of August, but I’d buy this share today!

Although the FTSE 100 has bounced back strongly from its March low, I worry that it may weaken further this summer before it recovers. Indeed, there’s an old expression from the London stock market, which goes: “Sell in May and go away, don’t come back until St Leger’s Day.” This saying comes from the time when the rich would flee unsanitary London during the hot and humid summer months. With traders flocking to their countryside homes, market trading was thin and this led to price volatility.

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