No free lunches! An assessment of the risks facing investors in 2022
Last week we took an optimistic view of the upside story for investors this year. But the upside…
‘If you can keep your head when all about you are losing theirs…’
The first week of trading on markets in 2022 has seen renewed volatility, continued divergence in sector performance…
Chickens Coming Home to Roost: Why Valuation Always Mattered
Quietly, beneath the surface of the daily news cycle, something extraordinary is happening in the stock market. A…
Overreactions and Distractions
We saw broad-based volatility in financial markets last week. Two things were behind this uncertainty: (i) the new…
Winter is Coming?… Part II: The case for low inflation
Winter is Coming?… Part II: The case for low inflation With US inflation running at +6.2% in October,…
Winter is Coming? The case for and against high inflation
Inflation is running hotter than expected. US inflation was +6.2% in October, the highest since 1991. In Europe…
Some reasons to be cheerful
Investopedia describes a ‘Santa Rally’ as the tendency for share prices to rise into the final weeks of…
It’s lose-lose or win-win on climate change for investors (and everyone else too)
As we emerge from the pandemic, the world’s attention is turning toward the monumental task of transitioning to…
The good, the bad… and the fantastic
Trepidation has certainly crept into financial markets in recent months, and rightly so! We’ve seen a self-inflicted slowing…
Did last year’s recession create next year’s stock market winners?
The 2020 pandemic forced businesses to radically adjust to lockdowns, restrictions on travel, and the sharpest economic downturn…