Insights & news

Tom Stevenson

Worried about a correction?

Is a correction really is round the corner? The short answer to that is that neither I nor anyone else knows. But the odds are clearly shorter than they were...

21 October 2021 | Tom Stevenson
Should we be worried about global markets?

Should we be worried about global markets?

No-one knows why the ninth month is so poor for global stock markets. The glass just seems half empty at this time of year. Maybe it’s just a statistical quirk. So why am I not more concerned?

20 September 2021 | Tom Stevenson
Markets move faster than headlines

Markets move faster than headlines

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?

27 July 2021 | Tom Stevenson
Inflation: Friend or foe?

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.

16 July 2021 | Tom Stevenson
ESG: Fad or future?

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.

28 June 2021 | Tom Stevenson
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