News and Analysis

Could artificial intelligence drive the next bull market? Developments in artificial intelligence have driven a powerful rally for some altcoins over the past week, keeping the...

Summary Higher valuations drove the rally this year This year has been the opposite of last, as higher valuations offset weaker earnings. This valuation re-rating will not last...

SUPPORT: Tuesday’s Valentine’s Day is the next test for the still-resilient US consumer. A lot hangs on it. It’s a top-5 spending event of the year, consumption is near 70% of the...

SHRINKING HORIZONS: Warren Buffett famously says his favourite stock holding period is forever. The same cannot be said for many other investors. The average holding period for US...

RALLY: The 2023 ‘everything’ rally has been led by the big losers of last year, from crypto to disruptive tech. It’s been dismissed as a low quality ‘junk’ rally or a ‘dash for...

SURPRISE: US share buyback announcements have tripled versus January last year. This is a welcome surprise and a key support to US equity markets. Stock buybacks have historically...

Which Layer 2 will be next? Spring is in sight for crypto, with altcoins across the market sending out green shoots as we move into February. The improving conditions come as...

Summary Investors been cautious to embrace the rally We are seeing an ‘everything’ rally, of both bonds and equities, as the inflation and interest rate shock eases. Yet...

OWNERSHIP: Company ownership matters and differs a lot around the world. Understanding the incentives and time frames of owners is important. It helps explain key investment...

SLOWER: Global equities had one of their best starts to the year ever, confounding consensus. Both history and the fundamentals remain on your side, but the returns pace will...