The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

At the time of writing, global equities are up around 17% in US dollars year to date. Sterling weakness has added a further 3 percentage...

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...

In last month’s column I wrote about the yield curve – the difference between long-term and short-term interest rates – and how its...

A lot of attention in the media recently has been devoted to the inversion of the yield curve in the US in late March. There is one main...

Until the beginning of October last year, equity markets had generally been faring well, while bond and commodity markets reflected firm...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. 2018 was looking...

In January 2016, I wrote about some interesting but little-heard-of research by Dr Leo Krippner at the Reserve Bank of New Zealand on the...

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....

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Last year we...

Behaviour is everything. Our collective behaviour determines whether we as societies or as a race are creating or destroying. From time...

Just before the 1929 Wall Street crash, celebrated Yale economist Irving Fisher claimed that the stock market had reached “a permanently...

As the current global business cycle matures, I thought it might be an opportune moment to revisit one of the basic but counterintuitive...

My framework for tactical asset allocation is based on business cycle analysis and the documented findings that asset classes tend to...