Filters
S…bend it like Biden?
Last Updated: September 30, 2025
Is US President Joe Biden’s huge infrastructure stimulus bending the US Treasury yield curve more than Beckham at the dead ball? Moderating inflation hasn’t stopped long-term US Treasury bond yields from whipping higher (and therefore prices falling sharply) in the past couple of months – could it be worries around government spending and the much larger amount of bonds being sold at auction? Meanwhile, earnings season has dominated stock markets recently, so the team discuss the winners and losers this time round and why. Lastly, they share why US landfill and recycling business Waste Management is more exciting than you may first think.
Rish and Chips
Last Updated: September 30, 2025
The team discuss the very different approaches to government investment in the US and UK and how this impacts the relative attractiveness of those economies. Next-generation weight loss drugs have grabbed the headlines of late, but unpicking the long-term impacts of these treatments on businesses is fraught with difficulty. Then, in the interests of balance, the team turn to alcohol and burgers as they discuss their recent switch from drinks giant Diageo to fast-food behemoth McDonalds.
scAIRbnb
Last Updated: September 30, 2025
With an array of UK retailers struggling and the housing market slump deepening, the team discuss managing exposure to the UK and why they are keeping an eye on the escalating government clampdown on Airbnb. Also, in recognition of National Inclusion Week, the team share how they think about diversity when investing and why Nike, one of the few consumer stocks they hold, is one company that has navigated this area successfully.
Review of the week: Higher or Lower
Last Updated: September 30, 2025
Interest rate hikes for the US and Europe are almost certain this week. All major central banks are getting close to calling time on rate increases, but the UK is likely to be the last to do so.
Review of the week: Soft landing?
Last Updated: September 30, 2025
Rather than a slow fade, the American economy produced a surprise surge. Yet with inflation within touching distance of the 2% target, US interest rates may still peak soon.
Review of the week: Not the August planned
Last Updated: September 30, 2025
Hopes for a quiet summer were dashed by difficult-to-read economic data, swinging bond yields and holiday dramas.
Review of the week: The good oil
Last Updated: September 30, 2025
Like virtually everything else, the cost of energy is much higher than it used to be. Combined with higher interest rates, it should keep squeezing economic growth in the coming months.
Review of the week: Will interest rates plateau after peaking?
Last Updated: September 30, 2025
Will the big central banks making significant interest rate announcements this week follow the ECB’s lead and signal that rates have now peaked? And where might rates settle longer term?
Review of the week: Uncertainty spreads
Last Updated: September 30, 2025
Central bankers in the US and UK decided interest rates shouldn’t go higher in September; bond investors disagreed.
Review of the week: The Israeli-Hamas Conflict
Last Updated: September 30, 2025
This week has seen harrowing atrocities committed by the terrorist group Hamas against Israeli civilians. With so far more than 1,200 people reported to have been killed, this is the most serious cross-border attack Israel has faced in decades.
Review of the week: A Cloudy Outlook
Last Updated: September 30, 2025
Big banks are reporting strong profits so far this quarter, but how will the rest of the market fare? And is higher-than-usual inflation making people glum?
Review of the week: Same World, Different Views
Last Updated: September 30, 2025
The US House of Representatives is struggling to agree on a new Speaker as the US ticks toward a shutdown of government. Strangely, stocks seem more perturbed by strong economic growth.