The stunning success of yesterday’s 14x covered 2040 Gilt confirms the new Labour Government has a wider range of options for the October Budget. It nails the lies fictitious “Bond Vigilantes” having been pouring in the market’s ear – the fact is the global bond market has just demonstrated confidence in Sir Kier Starmer and Rachel Reeves.
I just found my best reason to sell Nvidia, confirming we’re at the top of the market. What might come next? How about 20-years of rising inflation, rising rates and a global commodities super-cycle as nations scrabble to secure future strategic resources?
The America’s Cup in Barcelona looks like rich blokes swanking for bragging rights, but there is genuine value in sports, including yacht racing. The trick is appreciating the passion of fans, and monetising the value of sports in an increasingly digital world.
Nvidia is a proxy for the global economy – said an idiot analyst. AI is terribly important because C-Suites think it is. The reality is AI will be messy, expensive and costly to implement. We’ll quickly discover it overpromised and underdelivers. Back to fundamentals.
The arrest of Telegram’s Pavel Duroc earlier this week was a significant moment. Are Western Governments going to clamp down on Criminality across Social Media? Its critical they understand how Crypto Shills and Bad-Actor Propagandists have exploited the opportunities presented by Social Media to spin their scams.
September is the start of the final 3-month rush to complete deals this year – it’s the busiest, most frenetic period of the financial year, and often the most dangerous for markets. What potential shockers lie around the corner?
The holiday season is almost over. Pharmacology bids farewell to a brilliant scientist this morning. The America’s Cup is underway in Barcelona and the Team GBR boat is low and slow. And great advice from a 117 year old – stay away from Toxic People.
The global economy is reaching a nexus point as multiple cycles and challenges coincide – successful nations will recognise and exploit the new opportunities as they emerge. In the UK, it’s time for the new Labour government to stop trying to be marginally better tories than the Tories were, and embrace debt solutions!
After 10 days out the market, it’s clear the seasons are turning. What comes next – more on that tomorrow! I’ve elevated Disney to “Worst Company in the World” status, while the tragic loss of Mike Lynch’s yacht raises multiple questions, while confirming increasingly chaotic weather.
Over the next 25 years the global shipping fleet will make a massive transition from dirty bunker fuels to new clean energies to achieve Net-Zero. The technologies are evolving, but are now coming on line. Methanol fuelled ships are now in operation – and they are investible!
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