Instead of a lot of words I have concentrated this week on producing another video summarising the way things look as we reach the halfway stage of what is proving to been an epic bad year for investors, with the S&P 500 down more at the six month stage than in any year since 1970 and bond investors also suffering at the same time from soaring inflation and the sharp increase in bond yields. Unfortunately none of this is much of a surprise. Future market historians will, I am sure, look back on some of the excesses of the post-pandemic period with genuine astonishment. 

Market thoughts Th...