End of The Month

Ugly day as the market turns over – Sell in May and Go Away they say – certainly true today. Headlines about Trump imposing Tariffs on China may be the catalyst, that old chestnut. Other market themes were bound to pop up – we lost our peripheral vision as we focused on COVID-19. Trade war…

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Boring safe stocks have run their course

POINTS OF INTEREST The geared recovery sectors are bottoming in the US – Energy, Small companies, Airlines some of the best performers – same will happen here. Financials also leading the recovery – up 5-6% in the UK and leading in the US as well. Our banks appear to be bottoming. Resources not left behind…

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The “Restart” theme continues

The “Restart” theme continues. Bondi Beach is about to open, various States in the US are planning their re-openings and its fair to assume that the dominant theme for the stock market amidst the horrific/predictable/discounted economic headlines is getting the local and global economies back on the move. Generally happy to be in the market.…

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Economic restart

BULLET POINTS The low point is surely behind us as the headlines turn towards ECONOMIC RESTART. But not so quick…. Boris back in charge – Boris is back on the microphone this morning making it clear that the UK are not going to prematurely lift social-distancing requirements and asking UK citizens to contain their impatience.…

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Next Comes The Economic Restart

An interesting week ahead. The market fell (panicked), rallied (regained sanity) and then peaked again last week. In response to the latest 'top' we have run up our cash again, to 40%, and are ‘hiding like chickens’ in bigger market stocks. But not forever. The coronavirus continues to hold society in its grip, but the…

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Is The Worst Behind Us?

FINALLY ITS FRIDAY Am I the only one losing track of time? I could only tell it was Friday because the dress code changed in our morning meeting. A few strategy points today: Wall St’s 400 point reversal on the Gilead (lack of efficacy) Chinese trial story in the Financial Times suggests to me that…

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A Brave New World On Its Way

Talking to my friends over the last few days/weeks has seen many different conversations emerge. Some optimistic, some filled with anxiety others completely unrelated to the fast-evolving zeitgeist we have found ourselves in. What is undeniable and a common thread of all the short, long and complicated conversations has been the feeling of change. A…

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