Blogs, News and Thought Pieces

At Last The name of a great track by Etta James but financial markets, central bankers and politicians breathed a sigh of relief that US inflation, as reported for June on July 12th, showed a better than expected, much-needed improvement.  The following charts sourced from Bloomberg illustrate the improvement. Source: Bloomberg The better than expected […]

AI (All In) As the half year came to an end, many will have noticed that any stock that can demonstrate that it will benefit from Artificial Intelligence (AI), has had a good run.   June was a muddling month that ended on a positive note but suffered bouts of negativity, notably after disappointing inflation data […]

The first half of the month was about inflation and employment data. Rising UK wages and a lower unemployment rate will give the Bank of England plenty of scope for another rate hike at next Thursday’s Monetary Policy Committee (MPC) meeting.

From the 31st May 2023, we are changing the names of the T. Bailey Dynamic Fund and the T. Bailey Growth Fund in order to make them more descriptive to investors and so they fit more logically in our product range.

Between a Bank and a Hard Place  The UK Bank Rate was raised by the Bank of England by 0.25% to 4.5% as expected in the face of recent inflation figures.  Despite expectations, the UK economy grew by 0.1% in Q1 2023. Although this might not sound like much, it confounded the doomsayers – although […]

Dancing on the Ceiling Sadly, this article has nothing to do with Lionel Richie’s classic track of the above name.  What we’re actually referring to is the game of who blinks first in the process of raising the debt ceiling in the US so the budget can be financed. This authorisation has to go through […]

Initial Volatility  SVB, CS, CDS, Etc  Before March, few people had heard of Silicon Valley Bank.  By the end of the month, many investors were overwhelmed by news items referring to its acronym, SVB.  By month-end, SVB had become part of First Citizen Bank, no doubt also known as FCB.  HSBC stepped into buy the […]

SVB Takes Centre Stage A week ago, I was wondering what content I could deliver for this month’s mid-monthly update.  I came up with the title, ‘Dancing On The (Debt) Ceiling’, as it appeared that most investors had overlooked the political brinkmanship that has enveloped raising the debt ceiling in the US.  The emphasis on […]

After a strong month for most financial assets in January, the final three weeks of February proved to be more of struggle.

February started with anticipated rate increases from the US Federal Reserve, the European Central Bank and the Bank of England.  All three were keen to re-emphasise their inflation-fighting zeal.

The start of 2023 was a positive one for most asset classes.  The rising tide rally in risk assets that commenced in mid-October 2022 stalled in December, but returned in January floating all boats.

The good news is that inflation is falling in developed markets.  A warm winter in Europe will have a significant impact on lower inflation and be a boost for European businesses.  China’s re-opening should be good for other markets too.