Two tales of Rotation

Two tales of Rotation

Last week I wrote a piece on rotation between different investment assets and suggested some of the bigger movements were yet to come. One week on and the pace appears to be quickening, especially in US equity markets that hitherto have been outperforming everywhere...
August is a Wicked Month

August is a Wicked Month

It is 53 years since Edna O’Brien published her harrowing novel ‘August is a Wicked Month’ and I have borrowed the title several times over the years. As this month claims more and more casualties it seems appropriate to do so again. My colleague Chris Bailey, CIO of...
Instability Watch: Time for Applecart Investing

Instability Watch: Time for Applecart Investing

Regular readers will have noted previous editions headed ‘Doomwatch’ and on one occasion, when markets were clearly going mad, ‘Eurphoriawatch’. My tongue may have been in my cheek on those occasions but I am in deadly earnest about ‘Instabilitywatch’. This is not the...
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...