Behavioural Finance Markets
These are extraordinary times in financial markets. On a daily basis we are being bombarded with news headlines of political turmoil, market gyrations, forecasts of the un-knowable, and incomprehensible new technologies.
In amongst all of this chaos – one story that hasn’t attracted enough attention… Read the article
Humans like to think they know more about things than they really do. This is perhaps more true in finance than elsewhere, because the abundance of data lends itself to analysis, pseudo-science, and experts.
One of the data points that draws most attention is the US non-farm payrolls, which is… Read the article
Behavioural Finance Investment Industry
After the UK referendum on EU membership, attention for many now turns to the next “event”: perhaps the next meeting of a major central bank, Italy’s referendum on constitutional reform, or the US presidential election. You can be certain each of these events will generate considerable… Read the article
The dividend yield on the US stock market is now around 1% higher than the yield on 10-year US Treasuries, having started the year at roughly the same level.*
For most investors alive today, this will be an unusual state of affairs. Since the… Read the article
Behavioural Finance Economics Markets
Last night’s Federal Reserve minutes noted that:
‘Participants generally thought that it would be prudent to wait for the outcome of the upcoming referendum in the United Kingdom on membership in the European Union in order to assess the consequences of the vote for… Read the article
A week on, where are we?
Friday 24th June feels like a long time ago – so much has happened since then. Sterling has dominated the headlines here in the UK. It has risen a little from the initial post-Brexit low of 1.312 against the dollar, but is still down… Read the article