March witnessed the failure of certain regional banks in the US together with the collapse of Credit Suisse and its subsequent takeover by UBS. A repeat of the 2008 Global Financial Crisis was thankfully avoided as central banks together with some large banks intervened timeously to protect depositors. However, equity investors in these banks suffered…
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The gold price has gained 24% in the five months since its November lows, with central banks buying record amounts of the metal last year. Having recently returned from a global conference in Miami, George Cheveley, Ninety One’s portfolio manager and metals and mining specialist, summarises in an interesting podcast (as per link below), the…
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Inexperienced investors sometimes think of stock markets as glorified casinos, where you can win big over the short-term, and lose your shirt thereafter. But this is only the case if you follow a strategy of speculating with your money rather than investing to build long-term wealth. Stock markets are not a guaranteed route to overnight…
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In the wake of the banking crisis earlier this month, together with continued concerns about a recessionary environment, we’ve again seen investors behaving in ways that run contrary to expectations this week. Partly explaining this is the fact that earnings for the S&P 500 constituents remain resilient, according to Bloomberg’s consensus forward earnings forecasts. Despite…
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After another week of high drama for the global banking sector, the world seems reasonably safe from a systemic crisis. Swift action from regulators – and even competing banks – in the wake of the crises at Silicon Valley Bank (SVB), First Republic Bank, Silvergate, Signature Bank and Credit Suisse has helped to restore market…
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