financial markets Archives - Philip J Milton & Company Plc

General Election issues for the markets?

A General Election looms! So the Dow Jones has pushed higher again, breaching 40,000 and almost double its March 2020 pandemic low. At the depth of the financial crisis in 2009, it was 7,062. Still, you know my sentiments in the short-term here... what possibly could go wrong over there? The UK has been pushing...

Good news to start 2024

A welcome piece of good news on the last trading day of 2023 – Lonfin, a long-term holding of ours (albeit small overall), has announced that its key connected party, Western Selection, is making a significant cash repayment to shareholders, including Lonfin. This is our 16th piece of positive corporate news in 2023 affecting closed-ended...

‘Santa Rally’ on investments points to a more positive Christmas

There is hope an early ‘Santa Rally’ for the markets and investments will continue as we roll on towards Christmas. This has been covered in our recent ‘eshot’ to clients and interested parties (if you’d like to sign up, please do get in touch) but we thought it wouldn’t hurt to cover a little in...

Gilts, Sterling recovery and markets

So the UK Government has sold the most expensive Gilt since 2007, paying 5.668% till redemption in October 2025. That is significantly higher than the rates which were applying only a few years ago. Unless inflation abates (and wage figures today don’t help) then the cost of servicing the National Debt will rocket and...

Happy Easter, good news and why you should avoid crypto

I wasn’t going to write so soon but the weather is changing, the spring sun is shining and well, after a rather grim few months I wanted to wish everyone a very Happy Easter! The word originated from the pagan goddess for spring, Ēostre but it reflects new life springing forth and the symbolism...

Will there be a New Year bounce?

This really is a Happy Christmas and a very prosperous New Year! I promise this is my last epistle till 2023.Are we going to enjoy the traditional Christmas and New Year bounce? It’s not encouraging and the portents aren’t favourable but some year-end rebalancing may just give us some good news. Otherwise,...

Happy Christmas and on to the next chapter

Well, I think that all which remains is to wish all our supportive readers a very Happy Christmas and dare I suggest a prosperous 2023. It’s certainly not been an easy 2022 and the Ukraine War is still over-shadowing so much and causing such grief but we must pity the poor Ukrainians and indeed...

A snapshot of what we do as wealth managers

Let’s start with some good news. The price of wheat is back to where it was before Russia invaded Ukraine. I bet you haven’t read that anywhere. It really is quite amazing however, now almost down half on its March high. At this rate we’ll be thinking of buying-in again as we sold ours...

What does the Autumn Statement mean?

The markets have been steady following the Chancellor’s Autumn Statement, which came as no great surprise in its bid to tighten belts and curb public debt. The Pound did see a slight dip but has remained firm otherwise and that was more to do with what the Dollar was doing than the Pound itself. The budget...

The science of investment explained

So US inflation is tidier than expected and the NASDAQ rises by 7.5% on the day (as it is hoped further interest rate rises may not happen and indeed the next may be downwards) and a further 2% the next day. The mainstream market likewise rocketed and the US Dollar fell significantly too.Generally, investors...

General Election issues for the markets?

Good news to start 2024

‘Santa Rally’ on investments points to a more positive Christmas

Gilts, Sterling recovery and markets

Happy Easter, good news and why you should avoid crypto

Will there be a New Year bounce?

Happy Christmas and on to the next chapter

A snapshot of what we do as wealth managers

What does the Autumn Statement mean?

The science of investment explained

Risk Warning

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Philip J Milton & Company Plc

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