The financial media has become obsessed with Bitcoin, to the extent that focusing on Bitcoin obscures the bigger opportunity afforded by the use of blockchain technology in the years ahead.

Investors could be forgiven for thinking government bond yields on both sides of the Atlantic are off to the races.  After a brief but short-lived rally, yields are back to last month-end levels and volatility is up too.

Like January, February was a game of two halves with the mid-point acting as a tipping point for risk assets. ‘Game’ also took on a new meaning amidst the gamification of the stock market.

‘Reflationists’ fear that as restrictions on movement are lifted, a surge of demand will create inflation.  This inflation fear, along with increased government bond supply, has caused government bond yields to rise sharply in 2021.

Focus on maintaining easy monetary policy through low interest rates and quantitative easing by the US Federal Reserve and Bank of England has helped asset prices, especially in equity markets. 

The final week of January saw financial market headlines dominated by the trading activities of online community traders.

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Our aim is to buy into robust demand themes over the long-term where earnings are more sustainable than in low-margin, capital and labour-intensive businesses.

At the start of each year, there are a set of forecasts, key events and dates to watch out for – an almanac.

Since the end of the first quarter of 2020, economic pundits have been debating which letter best reflects the shape of the economic recovery path from the lows of the March to May period.

On Sunday, December 13th, the T. Bailey Growth Fund celebrated its 21st anniversary.  While thematic investing has become more mainstream this year, the Growth Fund has adopted this approach since its inception.

If you’re a passive investor, you are probably hooked up to a market capitalisation weighted index so you don’t have to have a view, you are about to own it.