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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Jan 1, 20213 min read
Lessons From the Chimps
In a recent op-ed, IMF chief economist Gita Gopinath noted that: “For the first time, in 60% of the global economy – including 97% of...
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Peter Elston
Jul 31, 20203 min read
Pick Out Persistent Themes
To invoke US conglomerate Berkshire Hathaway’s vice chairman Charlie Munger: if investing is not thematic, what the hell is it? Here is...
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Peter Elston
Mar 1, 20192 min read
Global Growth
Until the beginning of October last year, equity markets had generally been faring well, while bond and commodity markets reflected firm...
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Peter Elston
Feb 1, 20198 min read
Is a Recession Imminent?
This month, I write about our funds’ current (tactical) asset allocation positioning in the context of my macro outlook and market views....
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Peter Elston
Feb 1, 20195 min read
Was 2018 the Start of the Next Bear Market?
2018 was looking all fine and dandy up until the beginning of October. Equity markets, though having been driven by a small number of...
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Peter Elston
Jan 1, 20197 min read
2019 Investment Outlook
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. 2018 was looking...
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Peter Elston
Nov 1, 20185 min read
Review and Outlook
October was clearly a bad month for equity markets around the world, with the MSCI AC World index falling 6.9% in local currency terms....
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Peter Elston
Apr 30, 20185 min read
Secular Stagnation? Or the Optimistic View?
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Since the Great...
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Peter Elston
Dec 1, 20164 min read
Citywire Investment Committee No.2
As I write this Donald Trump has just been declared president and I congratulate him on playing a blinder of a hand. Let’s hope he can...
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Peter Elston
Nov 1, 20164 min read
US Election – a Dangerous Distraction
As I write this Donald Trump has just been declared president and I congratulate him on playing a blinder of a hand. Let’s hope he can...
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Peter Elston
Jul 31, 20163 min read
Secular Stagnation and the Natural Rate of Interest
One of the most interesting features of global financial markets over the last 20 years has been the inexorable decline in long-term real...
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Peter Elston
Mar 31, 20154 min read
Do Markets and Currencies Fare Better Under Labour or the Conservatives?
The world has known the date of the UK's general election for the last five years and, while it may cause some short-term volatility in...
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Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets
Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way
Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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