I am going to start the update this week by focusing on markets, which is probably what most of my readers care most about.  The table below is a summary of the week. As far as equities, portfolio allocations so far this year have favoured value stocks over growth stocks in the U.S., and international stocks over US stocks on a macro global basis.    U.S. stock rotation: out of growth and into value :  As far as U.S. stocks, the culprit continues to be tech shares.  As the “l

It was a scorching end to a fantastic first half of 2023, if you are long equities. Less so perhaps if you are long bonds. And Apple!!

Week ended July 23 2021. After a dismal start on Monday, investors put aside economic and pandemic concerns as S&P 500 earnings were strong

US equity markets hit new records and the UST market stabilised. Economics news was robust. Banks released earnings, Coinbase listed.

Coinbase listed on Weds via an innovative direct listing. It is an interesting company with a super-rich valuation, cryptocurrency-focused.

What could possibly go wrong? I guess that’s what bothers me most because we seem to be out of good news.