Like it or not, the influence of technology on our lives is growing fast – global connectedness and endless information are at our fingertips 24-7, and technology’s advance seems unstoppable. In the case of our financial wellbeing, do we ignore it at our peril?
Donald Trump certainly hit the ground running. In his first days as President he inked a flurry of executive orders, bypassing Congress to dismantle many of his predecessor’s policies.
Global monetary policy loosened noticeably last month. Further stimulus from the European Central Bank, rumours of even heavier bond buying from the Bank of Japan, and a dovish US Federal Reserve have been a boon for asset prices.
It seems my pet dog has recently developed sensitivity to the markets because throughout January, he was a particularly poorly boy. While at the vet, the Australian nurse examining Monty found out I was a fund manager, so started quizzing me on the state of the share market. Trying to explain a preference for Wells Fargo over Bank of America Merrill Lynch to the tune of a whimpering animal is quite a surreal experience...
Equity markets have taken a beating over the last week, recording one of the worst starts ever to a calendar year. No doubt your clients have been in touch with you about the falls most notably in the FTSE 100 (-5.94% year to date). The woes have been exacerbated as investment banks and other analysts have been quite negative over the past 24 hours.