Two summarised reports from two incredibly well-known managers today, both with interesting and challenging views for investors. The first is from Bill Ackman over at Pershing Square, who I rate highly. Here is the Numis summary of his views on… Continue reading →
More than a few blog readers have emailed about the fundraising announced yesterday by Agronomics, the food tech-focused fund founded by Jim Mellon. Over at FutureFoodFinance, we ran a quick news item, giving the details: you can read that article… Continue reading →
This week I’ve got another bunch of charts, all of which reinforce the dominant narrative is aggressive rebound. First off from Deutsche Bank this afternoon, the chart below shows money market funds versus S&P 500 market cap. All that cash… Continue reading →
I have been writing a fair bit about digital infrastructure recently – here in the FT, and here in Citywire. Completely coincidentally Gravis have announced this week a new fund to add to their existing (fund of fund) range of… Continue reading →
Regular readers will know I am very bullish about digital infrastructure as a specialist sub asset class. I have personally invested in both the UK listed entities, Cordiant and D9 – though I put more money into D9. Yesterday brought… Continue reading →
S&P Dow Jones reports that overall global markets gained 4.15% (after last month’s 2.27% gain), as the YTD was up 9.10%. For the month, 40 of the 50 markets gained (with all developed markets up), up from 33 last month… Continue reading →
My Citywire column this week touches on the subject of financial and economic cycles. You can see the column here: https://citywire.co.uk/funds-insider/news/david-stevenson-the-powerful-long-term-trends-driving-markets/a1499869?ref=citywire-money-opinion-list# As I say in my column I am dubious though curious. I think cycles have some potency and some… Continue reading →
Apologies, today I’m wandering off-topic and thinking through a subject that attracts a lot of attention, increasingly by the ESG brigade. Inequality. I have a pet theory that inequality is an obsession of left-wing, highly educated middle-class folk, especially in… Continue reading →
Back to my favorite topic – inflation watching. I’m not entirely convinced that we in the developed world should be too much concerned about inflationary trends. As I noted last week, there’s absolutely no evidence that normally price inelastic, sticky-price… Continue reading →
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