THIS AUTHOR'S POSTS

Equity investors: Are they ignoring risks?
Equity investors: Are they ignoring risks?
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Equity investors: Are they ignoring risks?

The year 2016 was full of surprises. It was, for example, the year, when an outsider overcame odds of 5000 to 1 to win the Premier League. It was also the year, when the lyrics of three-minute pop songs were acknowledged to be an art form worth the Literature Nobel. Most importantly, however, politics in the Western hemisphere surprised big time with the vote for Brexit and the election of Donald Trump as the next US president.

Markets assume President Trump will deliver
Markets assume President Trump will deliver
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Markets assume President Trump will deliver

The outcome of the US election last week, together with the Brexit-vote in June, was the second major political event this year that shook financial markets. In both cases the outcome was different to what pollsters, the media and investors anticipated. Unsurprisingly, markets – across asset-classes and geographies – reacted strongly and in some cases […]

Brexit becomes reality – markets under pressure
Brexit becomes reality – markets under pressure
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Brexit becomes reality – markets under pressure

Yesterday’s referendum in the UK surprised with a narrow majority in favour of Brexit. According to the latest results, 51.8% voted for the Brexit, i.e. the exit from the EU. Polls and betting odds had been suggesting a majority in favour of remaining (“Bremain”) in the EU. As expected, Brexit is triggering a massive negative […]

Brexit: Breakin’ up is hard to do – Part IV
Brexit: Breakin’ up is hard to do – Part IV
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Brexit: Breakin’ up is hard to do – Part IV

Stock markets not impressed – so far While the debate about Brexit is getting more intense (just a day ago the UK Treasury released its warnings) and the Pound Sterling is trading near historical lows as the referendum is approaching, the UK equity market has not shown any signs of stress. Its valuation premium to […]