Blogs, News and Thought Pieces

May 2021 Review Weather Report – April showers in May Having witnessed a record dry month in April, we have just endured one of the wettest Mays on record – fortunately, the persistent precipitation abated in time for the bank holiday weekend. It’s almost as if April and May were the wrong way around and […]

Performance Summary Over the six-month period to end-March 2021, the T. Bailey Growth Fund rose 14.17% net of all ongoing charges and the T. Bailey Dynamic Fund rose 11.21% net of all ongoing charges.

Financial markets were without much to dampen investors’ spirits.  With the exception of the Japanese equity market, developed stock markets had a good, positive month. Other asset classes were relatively stable and exhibited less volatility.

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.

March 2021 Review Reflating & Re-floating There were a number of moving parts to financial markets in March, perhaps more than usual.  The pursuit of normal, or a new normal, continued to progress in the UK and US due to the efficient roll-out of vaccinations in both countries. This was less apparent in the European […]

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.

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.