Our head of multi-asset investments, David Coombs, gazes into his crystal ball as he prepares for 2018.
Currencies bounced around last month as investors debated the strength of the UK’s Brexit negotiating position, whether the Federal Reserve (Fed) will slow its rate hikes, and if the European Central Bank will soon cut the number of bonds it buys each month as part of its quantitative easing programme.
Smart phones, smart TVs, smart contracts, smart toasters. You put smart in front of a product and it sounds more exciting, sexy even. You definitely want one.
We need a Boogie Rock revival about as much as we do stagflation. And with Status Quo embarking on another ‘last tour’ to promote their latest release, Acoustic II, I’m not sure whether to be more concerned for our ears or our earnings…
The birds sang and life went on during the summer of 1939; today’s post-referendum lull feels a bit like a phoney war too, albeit without the threat of bombs.
The thick end of a tax wedge
As tax bills go, €13bn plus interest is pretty hefty, even for the largest company in the world. Apple has found itself on the wrong side of EU competition commissioner Margrethe Vestager’s ruling about its decades-old tax agreement with Ireland.
Imagine if freshly minted Prime Minister Theresa May appointed Jeremy Clarkson foreign secretary, creating a Top Gear takeover of post-Brexit Britain. Instead we have to make do with an equally left of field candidate: Boris Johnson.
Years from now, the result of the EU referendum will be another one of those historical moments in which everyone remembers exactly where they were when it happened. I certainly won’t forget nor the hours that followed as I was in a hotel built into the cliffs on a Greek island.
In the last couple of months, I’ve travelled the country presenting my investment views on Brexit to hundreds of IFAs at seminars and conferences. While the thoughts and opinions of the audiences have varied significantly, one factor has united them all: the acknowledgement that the outcome of this referendum is incredibly important.