The last two weeks were rather uneventful, so this is a quick summary of price performance in 2025, and a look ahead to 2026. Are we in a bubble and don't know it?

The melt up continued in risk markets until late Friday morning, when a post of Mr Trump's Truth Social website reported that the U.S. would impose additional 100% tariffs on Chinese imports into the U.S. starting Nov 1st because of further restrictions by China on their export of critical earth minerals. In any event, this one way trajectory up needed a pause. Monday will be interesting!

This article contains tables and commentary regarding the rather volatile but ultimately positive first half of 2025.

Better late than never, in that this article is about my views on American exceptionalism, both economically and as far as US stocks.

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.

This is an update of my personal portfolio performance in 2Q2024 and 1H2024, good on the surface but worse than the indices would suggest.

This article is an update to an article I penned in February regarding my personal portfolio. For me, it's painful reading!

It was a holiday shortened, rather lacklustre week in markets. Good that 2022 is over. FY returns were poor across equities and bonds.

This is a primer on corporate bonds, investment grade & high yield. It also discusses the pandemic and its effect on the corp bond market.