Should we be concerned about the strength of the US stock market? Absolutely, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. An earlier version of this article first appeared on the online financial website, Reuters Breakingviews, and is reproduced with the author's permission.
The US stock market has hit 50 new highs so far this year. Investors are now anticipating tax cuts and further fiscal largesse f...
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Exclusive to subscribers to the Money Makers Circle Contents - On the podcast this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Thoughts on the news - Good reads - Investment Trusts Handbook - This week's biggest movers - Video reviews - Appendices
On the podcast this week This week's two episodes feature Gaurav Nurain, manager of the India Capital Growth Fund (IGC) for the past 13 years, discussing the recent weakness of Indian equities following several years of strong performance, and Elisabeth Stheeman, the chair of the Edinburgh Investment ...
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There will be a a short break in this series of comments as I'm taking a holiday break for a couple of weeks. We will continue to publish our in-depth fund profiles - the latest this week is on the Ruffer Investment Company (ticker: RICA), the popular defensive multi-asset trust, and next week we will look at PRS REIT - and our weekly summaries of company announcements and movements in share prices, NAVs and discounts will continue to be posted each week. I have also reposted last week's comments which were accidentally taken down from view. This week I add some random thoughts on where we ar...
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I am back from my holiday break but there is no in-depth fund profile this week as Stuart is now also away. His next profile, of the Diverse Income Trust, will appear this coming week. However there are plenty of recent profiles you may have missed, so do double check the back catalogue. Our weekly summaries of company announcements and movements in share prices, NAVs and discounts are posted as usual again this week. You can also read the latest thoughts on discounts from the Kepler Intelligence team.
The narrative and the price There were plenty of good reasons, both fundamental and techn...
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