It takes plenty of patience and nerves of steel to go against the crowd and conventional wisdom, with UK retailers a case in point. The disruptive power of technological change has structurally challenged the retail sector, and the message for businesses is simple – adapt or die.
It has been a strong first half of the year for various developed and emerging stockmarket exchanges, with Russia and China leading the way, returning 29.9% and 29.4%, respectively.
This month marks the 35th year of the FTSE 100’s existence. The index, created in January of 1984, has since become synonymous with cautious investing the UK, with FTSE 100 listed companies expected to provide steady dividends and steady returns over the time. The index itself is often referred to as ‘the blue chip index.’
Supply versus demand and the availability of money drive prices. Supply into an otherwise finite pool is set by the aggregate number of new shares issued less shares cancelled following buybacks or take-overs.
Demand is the variable to watch, and being a human sentiment coloured by fear and greed, it has many influences:
The financials sector is a significant position across the portfolios under my management. This diverse sector comprises a range of sub-sectors, including banks, asset managers, alternative lenders, insurance companies and real estate investment trusts.
Hermes Europe ex UK Equity manager explains the shares he has been buying, holding and selling in recent months.
The Dow Jones index fell over 1,000 points overnight, racking up its second consecutive day of steep losses.
Reminding ourselves of just how unusual the current absence of volatility in equity markets is can help us prepare for the inevitable instability.
There is no evidence today's inflation rate is problematic for stocks. This is another brick in the bull market's wall of worry.