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 2025 Budget...

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 the other big...

Global Market Overview – September 2025 A funny thing I’ve noticed is that, come the autumn, if stock markets are up, you know, a decent amount, people start to get a bit twitchy. They start casting around for things to worry about – signs that something’s about to go wrong in the economy, or the bond market, or the Middle East (usually an easy target). Perhaps it’s the feeling of being almost at the end of a long journey back from a trip away. Your coach to the airport showed up. Your plane...