Blue Sky Election Special
No surprise to anyone I’m sure that we now have a new party in government with a huge landslide victory. I normally stay up to watch the drama into the early hours but not last night. No jeopardy or excitement to be had. Moving forward, it would be nice to have some excitement, but no Liz Truss-style excitement, please!
In the context of these communications, the focus is now on what the Labour Party is going to deliver economically and how it will stimulate corporate activity. I will share with you an article entitled “what asset managers now want to see” from Investment Week.
After the debacle of the first Presidential debate last week, we have now received the news that Captain Invincible, aka Trump, can’t be criminally prosecuted for most of his actions while being President. This has firmly tipped the scales for the Presidency in his favour and has ‘moved the needle’ on market rhetoric. I read an interesting article on FT.com about how to play the ‘Trump trade’ which I’ll paraphrase below too.
Markets wise, activity has been fairly benign, with most markets showing resilience over the last week.
On this week’s agenda:
- An opportunity for change
- What Asset Managers now want to see
- Captain Invincible… the ‘Trump trade’
- Market response
- Summary
An opportunity for change
I’m reading a book at the moment called the Tyranny of Nostalgia: Half a Century of British Economic Decline. Guaranteed to cure insomnia, eh!
Seriously, it’s an interesting read in that it highlights how we have declined in importance on the world stage and how at certain junctions, there were missed opportunities for incumbent parties to have elevated the UK when they had the chance, and were reluctant to adapt and change their preconceived ideas. Made me think of Gareth Southgate here for some reason!
Let’s hope that in both cases, Labour and Gareth learn the lessons of the past and make the most of the opportunities before them. Sometimes you need to be a bit more radical and change the rhetoric.
Continues…
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Risk warning
Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.
