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My view on what's going on in the financial markets and the global economy, and a few other things that might interest me from time to time.

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First half 2025: indices and market update
This article contains tables and commentary regarding the rather volatile but ultimately positive first half of 2025.

tim@emorningcoffee.com
Jul 46 min read


Balance of payments, trade and tariffs
The week started with the Trump Administration announcing tariffs on Mexico, Canada and China, the first two of which were quickly rescinded

tim@emorningcoffee.com
Feb 69 min read


Summary of 2024 in tables
This article contains a summary of full-year 2024 performance of the indices and assets tracked by EMC, plus historical data, too.

tim@emorningcoffee.com
Jan 31 min read


2024 market and asset performance vs my expectations: how'd I do?
I "guessed" at how markets would perform in 2024 last year at this time. Some I got right, some I got wrong, not different from the pros.

tim@emorningcoffee.com
Dec 31, 20248 min read


Does the "Trump rally" have legs?
Some stocks that clearly "track" President-elect Trump's varied campaign promises have rallied hard, including TSLA, BTC, COIN and KRE.

tim@emorningcoffee.com
Nov 12, 20245 min read


Midweek update: Apple, CPI/FOMC, GME
We have some US data coming that might matter today (CPI), but the FOMC will sit tight (also today). Discusses Apple's run and GameStop.

tim@emorningcoffee.com
Jun 12, 20247 min read


Revisiting gold as an asset class
This is a guest post about gold, penned by online investment firm BullionVault. Gold has just pierced $2,100/oz, reaching a record high.

tim@emorningcoffee.com
Mar 5, 20244 min read


Revisiting semi-conductors
This article takes a quick look at the semi-conductor value-chain, including chip designers, fabricators and chip machinery makers.

tim@emorningcoffee.com
Feb 20, 20245 min read


Enhancing shareholder value
Looks at ways companies can maximise shareholder value (aside from uttering the words “AI”) including dividends, stock buybacks & layoffs

tim@emorningcoffee.com
Feb 14, 20247 min read
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