The behavioural biases that explain why Mr Market is unruffled by Mr Trump The world is not short of comment and analysis following the election of Donald Trump as US President. In some ways, the coverage is indicative both of the result’s unexpected nature and its historical significance. It is fascinating, therefore, that an event of such magnitude has created barely a ruffle in stock markets. Step back from [...]
The Brexit rally is less fragile than it looks The performance of UK shares has generally confounded most strategists. Since the vote to leave the EU in June, UK savers have enjoyed returns of close to 15 per cent. While the weakness of sterling has eaten most of those returns for overseas investors, we are in a much better place than many were predicting in [...]
Investors shouldn’t worry about Jeremy Corbyn For many of the party’s supporters, Saturday’s result will have been seen as a win for Jeremy Corbyn and a loss for Labour. For them, a resounding endorsement of Corbyn by Labour’s growing membership has cemented the hard left at the heart of the party, and will weaken its appeal to the broader electorate. A [...]