The US and UK inflation reports have just been released. US inflation in August was less elevated than anticipated. Does that mean that US inflation’s recent spike is indeed transitory?
In a month where the Delta variant occupied more column inches than macro-economic data, for financial markets, it felt like a relatively quiet summer month.
The publication of the UN's Sixth Assessment Report on Climate Change was unequivocal - human action causes climate change and it contained stark warnings for the future. Long term it will have large major effects on the investment industry.
While many financial market commentators have championed China as the area of high growth, we frequently remind people when questioned on this subject that China is not a democracy.
‘Football’s Coming Home’ may have grated on some given its repetition but, despite the defeat in the final to Italy, it could be argued that football did come home as a whole new audience was drawn to the game by the influence of the England team.
Towards the end of June, we were delighted to learn that the T. Bailey Dynamic Fund has been selected as one of the top five Mixed Asset funds in the FTAdviser Investment 100 Club.
Torpor Tantrum Many column inches have been written in June on the subject of inflation and especially the US Federal Reserve’s view of it with regard to changes in US monetary policy. Analysing each word and phrase by Fed Governors to detect changes in nuance would send many to sleep but for financial journalists and […]
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.
