Newsletter Summer 2017

Are equity markets too expensive? And how well diversified are you? Many stock market valuations are certainly not cheap, nor have they been for some time. One popular measure of valuation of the US S&P500 stock-market index is the CAPE ratio. This shows the...

Is Inflation making a comeback, and why does it matter to you?

Since the turn of the year, measures of inflation in Europe and elsewhere have turned higher. Some of this can be explained by the rise in oil prices (circa 50%) over the past 12 months, but are we starting to see a more general move higher in inflation after years of...