Tim Price, director of Price Value Partners, looks at why benchmarking to stock market indices is a bad idea and why investors should think more about the preservation of capital than chasing the latest market fads. Tim discusses the surge of interest in cryptocurrencies, why gold is less rampant and why value investors, of which he is one, need considerable patience. Citing the ignominious debut of Deliveroo amongst other things, Tim senses the market may be on the point of a big change of sentiment.
Russ Mould, investment director of A J Bell, looks at the performance of small cap companies. After a year of outperformance, of late they have come off the boil. He looks at their potential for being the acorns from which big businesses might emerge but also considers whether their recent lack of lustre might be a useful leading indicator.
One year on from the market lows of March 2020, Russ Mould, Inestment Director of A J Bell, looks at what has done best - and what has done worst - in the 12 months since. In retrospect, he points out, what seemed to be the safest areas when everything was bleakest turned out to be the most dangerous. Explaining why first Asian and then Emerging Markets have done well, he says that, within the UK, the sectors that have performed best have been oil and financials.
Russ Mould, Investment Director of A J Bell, asks whether markets are currently in a bubble. If they are, what are the various stages common to bubbles over the years and the centuries and what stage have we reached? For those investors concerned we ARE now in bubble territory, what are the options? And, as an aside, why do the regulations (and blame) always concentrate on short selling and not the overenthusiastic buying that drives the bubble in the first place?
Russ Mould, investment director of A J Bell, has crunched the numbers to ascertain which Chancellors of the Exchequer have presided over the biggest rise int he All-Share Index and those who have been the most costly. He stresses the important of accounting for inflation, which changes the picture somewhat and reiterates just how important the current debate over whether inflation is returning could be to the safety of investors' portfolios.
Russ Mould, Investment Director of A J Bell, highlights the current danger in bonds. After a bull run lasting over three decades, are there signs that the end is nigh? Gilt yields are rising, most quickly in some outlying markets and there are signs inflation might soon be beginning to simmer. And if this is the end of an extraordinary period, what might it mean for the equity market?
Russ Mould, Investment Director of A J Bell asks whether, in the light of the increase in mining company dividends, the miners can dig the FTSE 100 out of its dividend hole, particularly given the cautious dividend stance exhibited by Barclays. He discusses the cyclical nature of the mining sector and wonders if its strength, and the strength of so many commodities, might be an indicator of inflation expectations.
Russ Mould, Investment Director of A J Bell, takes a look back at the markets to see how they have behaved over the year since they first reacted to the approach of the virus. He compares and contrasts the behaviour of stocks sectors and countries before and after Pfizer Monday in November. He believes that investors should consider the current debate over whether inflation is about to return and readjust their portfolio if they do think it's on the way back.
Russ Mould of A J Bell chews over research that shows how poorly Cash ISAs have performed over the past 10 years compared to being invested in the stock market. He discusses financial repression and the insouciant attitude of central banks towards the possible return of inflation. He also looks at analysis of UK investors in GameStop, showing that half of them were under 30 and that 92% of them were men.
Russ Mould, Investment Director of A J Bell, looks at the recent frenzied buying of heavily shorted shares such as GameStop by retail investors, using Reddit as an information exchange. Causing severe problems for some short-selling hedge funds and attracting the attention of the American regulatory authorities, he points out possible pitfalls and suggests some questions investors should ask themselves before even thinking of participating.