Winter 2023
Newsletter
Entries by Philip J Milton & Company Plc
Client Letter November 2023
Autumn market musings
I am going to be signing-off for a few weeks now for a much-needed proper break, (excluding Christmas) the first since July last year, so am completing an eshot just before I disappear.
Of course I shall be keeping more than a wary eye on things and especially the markets (the joys of global internet...
Better after the storm
I hope that your hatches are battened-down adequately against the latest storm bringing wild and wet conditions across much of the UK. Do keep safe.
So after a law firm’s review, Nat West shares plunged more on the comments into the shenanigans over the attempted removal of Mr Nigel Farage’s account than the latest quarter’s...
Market sentiment and what it means
Good afternoon. The horrors from the Middle East have not abated. The whole situation is so sad and it is impossible to predict the outcomes. In ways not seen in past decades and centuries, the inert hatred from certain quarters seems to have also manifested itself across the World, in civilised populations which have...
Dreadful Gaza war and market reaction
What awful atrocities are happening in Israel and Palestine. Our sympathies go out to all the innocent people and their families affected. Hamas’s action is evil and no protest deserves what it has done, regardless of any ‘excuses’ about its lands and people.
The conflict pushed the oil price back up and on Monday, unless...
Negative markets but a good PJM average
The 15th anniversary of Lehmans’ collapse passed on 15 September. Aren’t memories short – the world’s whole financial system could have imploded (and really Lehmans shouldn’t have been allowed to go - and liquidity could have been used - its demise exacerbated the problems). The financial downturn was the worst since the Great Depression....
Charitable efforts at home – and abroad
From helping to bring a local play area back to life to supporting people in the most poverty stricken areas of Africa, the Philip J Milton & Company Plc Charitable Foundation works on behalf of multiple good causes.
During the course of a year the Foundation – which evolved from our Firm as part of...
‘Goldilocks’ economy is proving elusive
July saw a ½% slip in our economy, partly to do with the lack of productivity from strikes and partly the weather affecting things like construction. Sterling has been weak too – partly too as a consequence of the expectation that interest rate rises to stem inflation (which is falling dramatically) have come to...
Better news for the economy?
Well, curious admissions from the IMF and feeding-through to the ONS. Everyone puts such store of value on economic statistics only to find that all the criticisms about our sluggish economy over the last few years were wrong... what is worse, however, is the deluge of commentators sarcastically loving to ‘rubbish’ the efforts of...