A brief note on the latest price action in equity markets, how business cycles end, and how markets are being left to fend for themselves without central bank intervention for the first time in 20 years.
Pascal’s Wager argues that belief makes more sense than disbelief when the worst outcome is a total loss.
Michael recaps the self-inflicted wounds of the Section 301 tariffs, and recaps his meetings in DC with a group of Congressmen to discuss debt, deficits and financial markets.
An alternative risk premia strategy is itself more diversified than a diversified growth fund or an all-equity portfolio.
This quarterly publication from our Pension Solutions and Advisory Group provides UK pension funds with timely updates on market trends, funding levels and the latest industry and product developments.
In this year’s Holiday Eye on the Market, Michael records a note to his spouse on her father, the 2020 US Presidential election, and what might be the widest ideological divide in 100 years.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
For the first time in 20 years, markets will have to survive without support from central banks.