The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

Feb 1, 20198 min read

Is a Recession Imminent?

This month, I write about our funds’ current (tactical) asset allocation positioning in the context of my macro outlook and market views....

Feb 1, 20195 min read

Was 2018 the Start of the Next Bear Market?

2018 was looking all fine and dandy up until the beginning of October. Equity markets, though having been driven by a small number of...

Jan 1, 20193 min read

Advice for the Asset Allocator

I think I have one of the best jobs in the world: essentially, to predict the future – the future course of, for example, inflation and...

Jan 1, 20197 min read

2019 Investment Outlook

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. 2018 was looking...

Sep 30, 20183 min read

Reducing Equity Targets

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Last year we...

Jul 31, 20183 min read

It’s Different this Time. Really?

Just before the 1929 Wall Street crash, celebrated Yale economist Irving Fisher claimed that the stock market had reached “a permanently...

Jul 31, 20185 min read

Am I Right to Worry About Higher Inflation?

Am I right to worry about higher inflation? Followers of our funds and my writing will know that we have been reducing risk in...

Jun 30, 20174 min read

Preparing for the Next Downturn

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. The whole point...

Where's My Cycle?

An update on where I think we are in the business cycle with respect to growth, inflation and markets

Correlation or causation?

Data is too often presented in an unfair, unclear and misleading way

Dear John

Liontrust's John Husselbee's arguments in support of balanced funds are lame

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