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Trade in Soda; Financial markets have had a busy week following the surprise Trump victory last Wednesday. It’s a surprise in the sense that the markets hadn’t priced it in, for if they had, they wouldn’t have had the extreme moves over the past week. Many would

Action in Whisky

Trade in Whisky; Budgets, elections, Buffett selling stocks, and a potential rate cut on Thursday from the Federal Reserve and the Bank of England. With so much going on, it is little wonder markets are spooked. Starting with the UK budget and gilt yields, there has been plenty of noise

Trade in Whisky; A reader kindly wished The Multi-Asset Investor a happy second birthday over the weekend. ByteTree shuts over the Christmas period when the markets fall asleep, and that makes this the 100th issue. I should take more time off! Although as this is a continuation of my time

With inflation, taxes, strikes, political discontent, and gold soaring, it feels like the 1970s, except no one is wearing flares. I mention it because the 10-year bond yield is rising again, which means the price of bonds is falling in what could turn out to be the sixth downturn for

Trade in Whisky; Last week, I wrote about China, and the key takeaway is that China has been allocating, in some cases misallocating, vast amounts of capital for a very long time. We have all seen the ghost developments, bridges, dams and high-speed rail. Much of it is impressive, and