Attempts to widen direct equity ownership in the UK stock market are gathering pace, even as the high dividend yields on fund managers are signalling problems with that business model. Stocks covered BOO, PEEL, MTRO. The FTSE 100 was up +0.3% to 7,536 last week. The Nasdaq100 rose +1.8% and the S&P500 was up +0.5%.

Bruce uses Sharepad to look at recent movements in the US long bond yields USTSY10 and the bondholder total return TLT ETF. Companies covered, PZC, YU, SCE and GTC.   The FTSE 100 fell -1.8% in the last 5 trading days to 7613. The Nasdaq100 and S&P500 were flat and down -0.75% respectively. The FTSE

Bruce suggests that government bonds and mortgages have been beneficiaries of Basel banking regulations over the last few decades. The effects of rising interest rates won’t be limited to the UK housing market. Companies covered HL., CODE and 4BB. The FTSE 100 was down -0.3% to 7,630 over the last five trading days. The Nasdaq

Bruce suggests that rather than ARM’s successful IPO, the likely catalyst for more companies coming to market will be retail flows into funds. Companies covered ELIX, FEVR and FDEV. The FTSE 100 was up +2.6% last week to 7,688 helped by mining stocks and financials. The Nasdaq100 and S&P500 were both down less than -0.5%.

Bruce reviews a recent book Chaos Kings, on investors who benefit from financial crises and volatility. Companies covered BUR, STVG, WINK and CVSG. The FTSE 100 was up 0.5% to 7,494 last week and was the best-performing major indices other than the Mumbai S&P BSE +2.1% over that time period. Nasdaq100 and S&P were down

If the price of trophy assets like football clubs are wildly above intrinsic value, perhaps there’s a way for less wealthy investors to benefit from the same theme? Companies covered SDRY, BNZL and PBEE. The FTSE 100 was up +2.4% at 7,511 last week. The index is exactly flat on 5 years, though what 5

Bruce looks at UK retail equity fund flows, and their implications for future expected returns.  Companies covered CMCX, EYE, TRCS. The FTSE 100 rose +1% to close at 7,338 over the bank holiday weekend. The Nasdaq100 was up +1.7%, while the FTSE China 50 was up very strongly +5.1% as their Ministry of Finance cut

Bruce suggests that the nature of cross border capital flows might present an opportunity in front of our eyes, in FTSE and AIM stocks. Companies covered LGEN, JUST and TRMR. Last week I suggested that with the VIX below 16, some complacency might be creeping back into markets. Right on cue, the FTSE 100 fell

The VIX index is currently below 16, signalling some complacency may be creeping back into markets, so Bruce looks at the deterioration in near term liquidity measures.  Stocks covered: SDI, D4T4 and JIM.   The FTSE 100 was down -0.6% to 7,509, while the Nasdaq100 fell -1.6% and the S&P500 was down -0.3%. The price

Bruce uses Sharepad to look at H1 mortgage approvals data going back to the mid-1990s, and house prices back to the 1950s. Companies covered: GRG, TW. and DEVO. All three of the FTSE 100, S&P500 and FTSE China50 were down -2.2% in the last 5 days. The Nasdaq100 was even worse down -3%. The US

Bruce makes some broad observations about how economists’ models drive Central Bank behaviour and interest rate expectations.  Companies covered: LLOY, TSTL, RBGP The FTSE 100 was flat in the last five days at 7,688. Nasdaq100 was up +2% and the S&P500 was +0.75%. The FTSE China 50 Index was up +3.9% as the renminbi rose

With inflation peaking in the UK (at least for now), Bruce looks at some larger cap stocks that have broken through their 200-day moving averages on the upside.  Companies covered: ONT, DARK, HL., AJB  The FTSE 100 enjoyed a strong week up 3.4% to 7,658 as last week the UK’s inflation data was better than