Global Market Overview – April 2026 Monthly Musings: Forget the Strait of Hormuz. Just for a bit. Not because it isn’t important, but because right now, financial markets are acting like it isn’t. There’s a great meme going around my nerdy finance circle saying “EBITDA = Earnings Before Iran, Tariffs, and Donald Announcements”. And for most of April, that appears to be exactly what investors have focused on, as companies line up to report their Q1 results. Searching through

Global Market Overview – December 2025 Monthly Musings: Happy New Year! Unless, of course, you celebrate Lunar New Year, in which case there’s still six weeks to go before the Year of the Fire Horse begins on 17th February. And there’s another month after that if you observe the Hindu New Year (19th March), or if you’re in Iran – unlikely, I’ll admit – when Nowruz isn’t until 20th March. In Thailand, the fireworks won’t go off until 13th April, and the Islamic New Year isn’

Global Market Overview – November 2025 Monthly Musings: Finally, UK investors can move on. It feels like we’ve been holding our breath since about July, waiting to find out what the Chancellor had in store. So. Exhale. Where we can, we try to leave the politics out of our investment analysis. Everyone will have their own personal views on what the UK budget was and wasn’t trying to do, and what it did or didn’t deliver. From a simple, immediate, market-based perspective, the

Global Market Overview – October 2025 How do you celebrate your company reaching a $5 trillion valuation? Well, as a friend of mine informed me over the weekend (with pictures for proof), if you’re NVIDIA CEO Jensen Huang, you go out for an afternoon pint in a hipster pub in Shoreditch, London! NVIDIA would now rank 6th on a list of global stock exchanges ; bigger than every national market except the US, China, Japan, India and Hong Kong. Part of the explanation was found in