Article last updated 10 September 2025.
In this latest video, Ed says the market rally is built on sound fundamentals, but we’re managing risk actively.
Key topics covered:
- Stock markets’ record highs: these make sense, given record profits, relatively low inflation and falling interest rates
- US corporate profits: there’s strong growth even outside the Magnificent Seven
- Japanese equities: they’ve outperformed US stocks this year, now it’s time to take profits
- Gilts: we favour shorter maturities, because of their lower correlation to UK stocks and where we are in the cycle
