I have no interest in golf – it’s a good walk spoilt. But the rumoured collapse of the rogue LIV Golf Tour, and the disinterest fans are showing in attending Trump’s price-gouging Football World Cup, may be hints the sports investment bubble is about to burst. If it does, it could trigger a confidence wobble across private capital. It could also spell opportunity!

Global Trade is not just about governments and tariffs. Its about what individuals want to buy and how businesses set about selling their products. How these micro components of the global economy are responding to the “challenges” of Trump v.2 will determine the future.

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.

“In yacht racing there is no second.”

Sports has become a major investment sector in recent years. An increasing number of funds are focused on sporting opportunities. The appeal, and the possibilities to monetise fans and events is rising. Why invest?

Readers of a sensitive nature may wish to take a chill pill before reading this morning’s Porridge comment. Remember, the sun will come up tomorrow. The market might not.