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...
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...