New Year rally
Well, welcome to the highest ever levels for the FTSE100, what a pleasant ‘Father Christmas’ (well New Year) rally. The thing is, our market isn’t dear so the levels are nothing about which to be worried either. The same week also saw not the Bank of England Governor’s wish (he said wrongly in public...
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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
A snapshot of what we do as wealth managers
What’s the state of the nation?
So the Autumn Statement is behind us. Taxes are up and so we now face the highest tax burden since WW2 as well as ‘enjoying’ the biggest public spending since the 1970s.The ‘Office for Budget Responsibility’, a relatively recently created quango and chaired by Richard Hughes, (Ed Miliband’s former policy adviser who was a...
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...