Tom Stevenson
Timing the market
You might reasonably think that investors are worrying about two contradictory things at the moment. Last week the concern seemed to be too much inflation; this week it's the likelihood of too little growth as the Delta variant takes hold. On the face of it, that makes no sense. They can’t both be a problem at the same time, can they?
Inflation: Friend or foe?
Governments like a bit of inflation. Central banks think they can achieve it. It’s the rest of us who will have to deal with the consequences if they can’t.
ESG: Fad or future?
From time to time, investors become irrationally enthusiastic. The important thing to note about these manic moments is that the investment theme underpinning them makes perfect sense. The narratives are rational; it is the market excess surrounding them that is not.
Is ESG investing just plain investing?
Companies that rate highly on the imperfect and inconsistent sustainability measures that we currently, perform well in stock market terms because they are, quite simply, better companies. So does this mean that all investing should be ESG investing?
Inflation expectations
I don’t know any better than anyone else whether inflation will turn out to be a genuine problem, but I do know that it’s just about the most important question for us to be asking today.
ESG, Crypto and the power of social media
Is this a commodities supercycle?
