A heatwave in London is unbearable – and we’re about to experience the third of this long, hot, summer. Elsewhere, increasingly chaotic climate events are triggering unpredictable weather disasters – including the tragic floods that hit Texas. We can’t deny the threat – but we can mitigate the effects if we acknowledge the threat is real, and invest accordingly.

The weekend weather and more rain on the way may be a precursor to real economic consequences approaching. The sustained rise in mean adjusted P/E ratios is likely a factor of distortion – will the market notice? And the UK election. Yawn... What will Rishi say next?

The Gods of Chaos have brought together an alliance to bring down the West. If its not the weather, it will be Russia, Gas prices, the Middle East and Oil, or maybe the prime global commodity – Chips – is the next thing they will target. I'm staying long Gold.

Markets are focused on the immediate debt-ceiling crisis, and the short-term game of guessing rates vs inflation. Down the line are the bigger challenges of the medium and long-term: issues we need to be investing in now to garner long-run returns or just to survive!

Markets feel directionless, demotivated and listless as we wait for the next impetus to emerge – problem is, it might be a shocker.

It was a disastrous weekend for UK energy strategy as the biting cold and lack of wind demonstrated the fallacy of wind as “the” renewable solution. Energy security requires predictable power. Meanwhile, Central Bank mull rate hikes and implications for dollar strength.