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Trades in Whisky and Soda; With financial markets stabilizing, I am adding two new investments to the portfolios. It is important to note that the bond market seems less stressed now that the rates have likely peaked, and it is right to boost exposure in areas offering good value. The

Trade in Soda; Last week, the central banks signalled that the interest rates have peaked. That doesn’t mean we are off to the races, but it removes an obstacle, especially for bonds. We have also made it through to November, which means the crisis season is potentially behind us.

We live in an era of divergences, and the collapse of the bond market is behind it. Perhaps not just that, but the high asset prices and excessive borrowing that came with an era of low rates. The reversal was always going to be painful; we just didn’t know

With bonds in crisis mode, this is a good time to revisit market momentum and look at the state of equities. This time last year, I wrote about the momentum crash, which would potentially end this bear market. We had a situation where the worst-performing stocks, the losers, were heavily

I want to remind you what we are waiting for, especially in the Soda Portfolio. There are dozens of investment trusts (and closed-ended funds), some quite large and liquid, which offer compelling value. This is a follow-up to my last piece, but it has been right to hold back because

Trade in Whisky; Bond yields have been pushed higher again, but there was a relief yesterday when a Fed official said that this was helping with their tightening efforts. The higher yields would reduce the pressure to keep raising rates, which the markets took well. The trouble is that yields