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?

Markets are shrugging off yesterday’s wobbles, but is it really over? The next few months are likely to remain volatile, fraxious and stressful – and we still don’t know what No-See-Ums are lurking in the background – but we can guess...

The market is distracted by the up, down, shake it all about noise in Tech. Watch banks! The US Fed passed all 31 major US Banks in its annual bank stress test. I can’t think of anything that could scare me more…

Blain’s Morning Porridge April 11 2024: Stickflation will remain chaotic [...]

The pressure on the City of London as a global centre of financial excellence is mounting – a disconnect between costs and fees, an irrelevant stock market, and a dysfunctional fixation on process and bureaucracy leaves the investment management industry struggling.

Very early start on the radio this morning, but Jamie Dimon and I are aligned; the global economy is at an inflection point as higher rates, stickflation, debt and climate costs hit the reset button. It doesn’t have to be a bear-reset and could present massive opportunities! Embrace change!

The strength and resilience of US employment, and the growing sense a recession has been dodged, hides fundamental imbalance: if consumers are too broke to consume, then how are corporate earnings set to rise? Doh!

Stocks are taking a breather this week after a succession of successive record highs. With the Fed now deep in QT, how can the market be rising when liquidity is supposed to be tighter, and underlying conditions tougher? Somethings just never make sense…

There has been much noise about the potential impact on global supply chains due to the shipping attacks in the Red Sea. There are imposing significant costs and delays – but are not as critical as many fear. Financing global trade is one of the oldest businesses in markets – and produces dull, boring predictable returns. What’s not to like…

Blain’s Morning Porridge, 17th January 2024: – Davos: Deaf, Dumb [...]