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…
IMF trims growth forecasts, but outlook remains positive
Inflation metrics have remained stubbornly high in many parts of the world, largely due to the ongoing supply…
China has problems – but it also has savings
Volatility remained higher than normal last week, with the VIX Volatility Index reaching 21.3 – slightly above its…