Back in Februrary, the FTSE 100 broke the 8,000-point threshold for the first time ever. Since then, the UK index has fallen by around 4.5%. So when will the index get back to 8,000? And should investors be looking to buy UK shares while they’re at a discount to their historic highs? There are a few reasons the FTSE 100 has come off its February high. Most of them have to do with macroeconomic factors. One reason is the ongoing uncertainty around the banking sector. With 18.3% of the FTSE 100 constituted by financials companies, this has had a significant impact. Another issue has been falling commodities prices. Crude oil in particular is down 7% since February and this has been a challenge for energy stocks, which make up 13% of the index. There have been other difficulties to contend with, too. High inflation has been weighing on shares in consumer discretionary firms and rising interest rates have caused real estate stocks to fall. There are a couple of reasons to think it might be a while before the FTSE 100 gets back to 8,000. Chief among them is rising interest rates. Inflation in the UK is at 8.7%, some...