A record level for the FTSE-100 index

A record level for the FTSE-100 index

‘Congratulations. I knew the record would stand until it was broken’ – Yogi Berra I kind of feel the same way about records as Yogi Berra does in the quote above. The biggest influence on stock market records is typically not economic growth (although that...
FAANGs bared?

FAANGs bared?

Both the DJIA and S & P 500 indices are showing year-to-date losses, albeit the latter not by much, which is in itself a novelty. Meanwhile, the Nasdaq Composite marches on with gains of around 5% putting it in third place I the global charts after São Paulo and...
Novo Nordisk A/S and the struggle against diabetes

Novo Nordisk A/S and the struggle against diabetes

Spotting big picture themes is usually a good route to investment success. Unfortunately one growth theme in the healthcare world today is the rise and rise of those impacted by diabetes. The world’s most successful diabetes treatment company – as shown in the...
Elephants can gallop

Elephants can gallop

“Words are cheap. The biggest thing you can say is ‘elephant’ “ – Charlie Chaplin I am sometimes asked why I bother with large capitalisation shares. After all – so the theory goes – they are so large as to be impossible to really...
Markets: living in two-way streets

Markets: living in two-way streets

April may have brought some partial relief after two grim months but if anybody was in doubt that investors are in several minds, yesterday’s price action on Wall Street should have sorted them out. The VIX volatility/fear index opened at 15.97 and closed at 16.27...