. FTSE 100 Get a recent record raise above 9,000 points per week, which increasing the annual profits of nearly 10%, although it later fell slightly to recover it below this level.

It was an impressive rally, considering that it was about 8000 last Christmas. Thus, at 8,992 points from Friday (July 18), this is discounted. Can he even reach 10,000 points in 2025?

With an average price -profit ratio (p/e) on the British outskirts of almost 20, I am cautious. But I am also an optimist and I see opportunities there.

Greater image

Macroeconomic factors may vote in the coming months. On the other hand, inflation still alleviates in the main economies, increasing the hope that interest rates will soon begin a constant decrease. Lower loan costs would be a wind for most companies, especially those depending on financing, such as builders and retailers.

Meanwhile, the economy of Great Britain turned out to be more resistant than many expected, narrowly avoiding technical recession. Consumer trust is recovery, and corporate earnings were generally impressive.

But there are many risks.

The growing US-China tensions and recent American tariffs can harm export-oriented companies. Growing inflation can also force central banks to keep higher feet for longer, squeezing growth. And geopolitical exacerbations that could disturb the supply chains or send energy prices.

So what does the rally run?

A significant part of the FTSE 100 pushing above 9,000 was fueled by distinguished performances in mining, defense and air. Silver Miner Fresnillo This year, it increased by almost 130% at the back of rising precious metal prices and Grandmother It has more than doubled among growing defense expenses throughout Europe.

Meanwhile, Rolls-Royce He is still flying, and his aviation activity benefits from recovering the demand for travel and powerful arrears.

Can these sectors maintain FTSE 100 climbing? Probably. Defense budgets are unlikely to fall in the near future, taking into account global tensions, while precious metals may remain in demand, because investors protect themselves against uncertainty.

But although there is certainly a greater raise, I am more interested in the potential of market income.

Striving for sustainable income

Among the high height of blue-chips, I discovered some underrated dividends.

One that caught my attention this week Admiral group (LSE: ADM). The insurer is not a flashy growth game, but I think it is worth considering. It has a pristine balance and positive revenues and earnings.

Currently, it offers massive performance of 5.9% of dividend, with an 88.6% withdrawal indicator. He has been impressive dividends for 20 plain years, showing extraordinary consistency through market cycles.

As an insurer, he is threatened with the deterioration of the economic conjunction, the growing costs of claims and strict regulations in the UK, which may threaten the margin. Its dependence on the return on investment also increases variability, which means that profits may be less stable than suggesting its powerful achievements.

But its valuation is relatively low in the sector. Its p/E indicator is 15 and has a strikingly low price raise to profit (PEG) of 0.16-sugges that shares are economical in relation to the expected expansion of earnings.

Looking to the future

Ultimately, FTSE 100 can hit 10,000 or slide down depending on how global events. Either way, I prefer to keep my portfolio anchored in high -quality income -generating actions.

They can not always steal headers, but in order to build long -term wealth I believe that their combination of constant growth and dividends is tough to overcome.