Happy 250th birthday to America, and Happy Independence Day to my American colleagues. The summary today has a table for 1H2026 performance across indices and asset classes, as well as an update for the week.

There are no shortage of investors which think stocks are well over-baked, especially stocks of companies that are directly or indirectly associated with the ongoing A.I. hype. It has appeared for weeks that this was nothing more than scaremongering as stocks continued their stratospheric rise. However, the past week saw scepticism start to set in as investor concerns regarding valuations broadened. Tech stocks led the sell-off, although there were few places to hide as mo

Let’s face it – nothing can slow the “risk on” sentiment currently charactering equity markets. SPACs were the first to reappear a few...

US equities have reached record valuations. Does this matter? What can you do if you are concerned?

Why are equities at historically high levels less than 1.5 years following a pandemic unlike anything experienced in 100 years?