LB and I caught up with the funds management crew at RED the other day and were able to attend one of their client briefings. They were kind enough to allow me to copy their slide deck. The take home points for me. 1. Equities have positive momentum. 2. The great unknown at present is…Details
I had not intended for my Is The Market Overvalued? piece to become a two parter but I came across the following chart courtesy of the people at Bespoke, who produce a dazzling array of metrics. This chart looks at the number of S&P500 stocks which are above their 50 day moving average.…Details
I post this article for two reasons. The numbers involved are staggering and it is indicative of a structural change in the investment markets.
This goes some way to explaining why my domestic equities portfolio has been a little lacklustre. Could be worse I could be investing in UK stocks.