NEWS

NOVEMBER 2021 MARKET UPDATE

— Nov 30, 2021
NOVEMBER 2021 MARKET UPDATE Little has changed since our update last month. Inflation continues to rise and the central bankers base position of it being transitory is now clearly suspect. It is not just short term central bank forecasting that is at stake here; if they get this wrong it may...

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OCTOBER 2021 MARKET UPDATE

— Oct 7, 2021
OCTOBER 2021 MARKET UPDATE For the second quarter running we have seen most equity and debt markets seemingly acting as grown ups - plodding along - while almost everything else seems a little broken and teenage. Inflation has been sharply affecting commodity prices - most industrial metals have...

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AUGUST 2021 MARKET UPDATE

— Aug 25, 2021
AUGUST 2021 MARKET UPDATE We have been optimistic about the potential for returns from equities for a long time, reinforcing that view by adding to our positions significantly during the plunge in global stock markets last year triggered by the pandemic. As stock markets have marched...

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JULY 2021 MARKET UPDATE

— Jul 30, 2021
JULY 2021 MARKET UPDATE Our concerns over equity valuations, particularly in the U.S, are rising again. Over the last twelve months the US stock market (S&P 500) has risen by 26%. This alone is eye-catching and worthy of recognition. The manner in which it has risen is also notable - it has...

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