Now It’s May, Do You Go Away?

April was another interesting month, with gains across almost all global stock markets led by the United States, but closely followed by the U.K. and Europe. Whilst the former two were significantly aided by continued COVID-19 vaccine progress and associated national reopening, Europe has started to make some progress too.

Inflation The Dog That Barked In The Dark

Sixty years ago, Marshall Nirenberg and Henrich Matthaei began the process of cracking the genetic code. Thanks to their persistence and resilience, today’s scientists developed effective mRNA-based vaccines in record time – saving millions of lives from COVID-19. With the darkest days of the pandemic behind us, investors can also appreciate the resilience of the economy and financial markets and the hopeful prospect of brighter days ahead.

Ramblings of a Wealth Manager – 30th March 2021

Suez Canal, Major Football Transfers and the Oil Market

When I first saw the images of the recent Suez Canal incident, I thought it was photoshopped. To put the size of the ship into context, it is longer than the Eiffel Tower and weights 220,000 tons. The salvage teams shovelled 30,000 cubic meters of sand to free the ship, which has now cleared the canal for business as usual.Continue reading

Budget Newsletter

It is less than a year since Rishi Sunak presented his first Budget, after having been in the role of Chancellor for less than a month. His despatch box première featured an allocation of £12bn towards mitigating the impact of the Covid-19. Ironically, on the same day as Mr Sunak revealed that boost to spending, the World Health Organisation declared the outbreak a pandemic. Total expenditure in the U.K. on dealing with the pandemic is now estimated to be around £300bn.

Ramblings of a Wealth Manager – 8th March 2021

The valuation of everything

Page 1 of the investing textbook states one should only take risk when one is being rewarded for doing so. This means that the valuation of everything is based off the expected return of the lowest risk asset. It is widely accepted that the lowest risk investment asset available is long dated government bonds. The proxy for this is the 10 year UK government bond in the UK and the 10 year treasury in the USA.Continue reading

Signs of an Early Spring

From a northern hemisphere perspective, Spring 2021 formally begins on Saturday 20 March however – for both recent weather and economic watchers – February showed some real progress that boosted signs of optimism for the rest of the year.

A first month rarely says everything about a full year

The first month of a new year ended as a disappointment for the average U.K. investor, especially as a contrast to the widespread excitable returns seen in the last two months of 2020. However, the month of January alone rarely gives us every answer and the unique nature of both the U.K. market alone and collectively the entire world has a wide range of potential outcomes.

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