This article is an update of my personal portfolio at the end of 1H2025 (June 30, 2025). To say it was a volatile quarter is the mother of all understatements. Fortunately, I came out OK thanks to the fact that investors – especially in the bond market – provided guardrails for the nutty economic policies of Mr Trump. I saw the train wreck coming, but I failed to anticipate the shockingly fast recovery. You can read the gory details in this article.

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

Stock and bond investors party hard, with equities ripping and US Treasury yields dropping sharply. A benign June CPI report was key driver

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

What are your assumptions about the current economic parameters affecting investors? Which investments make sense and which do not?

This article looks at asset returns across various equity indices (US and global) and other asset classes during the pandemic and longer.

Update for this past week in equities, credit, and other assets. IMF projects growth, SPACs under pressure, bank earnings coming, etc.

With vaccines now beginning to be administered, I understand the long game, but I find myself very much stuck in the moment......