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Silver linings in the cloud?
Last Updated: September 30, 2025
Structural, long-term investment themes are particularly important at the moment as investors worry about the short-term outlook for many businesses. Equity analyst Ben Derber argues that cloud computing should enjoy a decade-long spending boom as enterprises seek to harness the benefits of this powerful new technology.
Peak inflation?
Last Updated: September 30, 2025
As our head of multi-asset investments David Coombs balks at the cost of a couple of cups of coffee, he explains why he thinks inflation may be getting close to peaking.
Snubscriptions
Last Updated: September 30, 2025
With inflation running hot, senior multi-asset investment specialist Craig Brown takes stock of his forgotten subscriptions.
The Abominable Bond Men
Last Updated: September 30, 2025
The UK government has shattered against a new generation of bond vigilantes. Halloween came early this year, notes multi-asset fund manager Will McIntosh-Whyte.
2023: The year ahead. Maybe?
Last Updated: September 30, 2025
After a pretty questionable effort at predicting 2022, our head of multi-asset investments, David Coombs, dusts himself off and leaps into 2023.
Lessons from a tough 2022
Last Updated: September 30, 2025
Last year was bruising for most investors, but particularly so for UK mid and small-cap specialists like me. The idiosyncrasies of businesses – the stock-in-trade of small and mid-sized company investments – were cast to the wind in favour of one great concern: monetary policy.
Second-guessing
Last Updated: September 30, 2025
Inflation fears roiled markets in early February after a record stretch of stock market calm. Our chief investment officer, Julian Chillingworth, looks ahead.
Volatility revisited
Last Updated: September 30, 2025
After a rocky start markets have since settled, but possibly not for long. Our chief investment officer, Julian Chillingworth, looks ahead.
Review of the week (wk ending 29 March)
Last Updated: September 30, 2025
The UK was the biggest loser in a tough quarter for global equity markets. Despite a wave of bad news for many of the US technology giants, the S&P 500 was the strongest major developed market in local currency terms over the past three months. Worries about rising inflation and faster interest rate hikes were compounded by America’s belligerent trade policy, causing sharp share price falls around the world.
Turning the clocks back on trade
Last Updated: September 30, 2025
Weathering the markets last week wasn’t too dissimilar to weathering the roads: challenging, and not necessarily good for morale. Markets closed down on Friday; the FTSE 100 had fallen -2.3% during the week and the S&P 500 -0.6%. February closed to the downside across major markets.
Too much of a good thing?
Last Updated: September 30, 2025
In the fullness of time, markets are a finely-tuned valuation machine. Risk and reward is weighed in countless transactions allocating capital to the places where it does the most good for society. But in the short-term it looks a bit like a dog’s breakfast.
Stocks up, government shutdown
Last Updated: September 30, 2025
American stocks have matched the longest run of unbroken calm in their history, fittingly at the same time as the US government shuts down due to political impasse.