Writing this weekly update is starting to get boring, because everything goes up every week, or so it seems.  Having said that, one casualty this past week was gold, which finally seems to have come off the boil.  The price of gold declined nearly 6% on Tuesday, and then stabilised but still ended down 1.8% on the week, the first weekly decline in the price of this safe haven precious metal since mid-August.  All global equity indices were higher (yawn) on the week – most end

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

A confluence of economic data, punctuated by a speech by Fed Chair Powell on Friday in Jackson Hole, suggests rate cuts are coming soon.

Last week dominated by five "Mag 7" companies that reported earnings (mixed bag), Fed and BoE monetary policy meetings, and economic data.

Central banks, one after another, are raising rates to try to tame persistent inflation, but it's not working fast enough. Equities tanked.

Fed pauses, ECB races ahead, BoJ stays loose; BoE poised to raise rates again this week. Dollar slumps, global equities power ahead,

Markets were not overly inspiring this week even as volatility continued to decline. Japanese and small-cap US stocks were the big winners.

Until the end of the week, the data and earnings were saying one thing and investors were hearing another. Markets decent though till Fri.

We are going "to the moon" across risk assets of all types. Can this continue? I'm not convinced but it's been a great start to 2023!