Inflation comes in hotter than expected
The major news last week was the release of US Consumer Price Inflation (CPI) data for January. The…
Goldilocks and the Bear Market
In reference to the 19th-century fairy tale ‘Goldilocks and the Three Bears’ in which Goldilocks eventually discovers a…
What should investors do when markets are going down?
The year has started with a correction in equity markets. The S&P 500 is down 10% so far…
The cure for high prices is high prices
US Consumer Price Inflation (CPI) was released on 12th January. The headline figure – which has been widely reported…
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…