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Insights

Good Riddance To A Roller Coaster Year

By Market Commentary

This update runs longer than normal.  There is a lot happening! 2022 has been a year of transition.  Not just the end of the Elizabethan Age, but the end of an extraordinary 40-year downtrend in inflation and interest rates. We have said many times that when the latter trend ends, it will be painful, and you have begun to see that in 2022 – but it is only the beginning of adjustments.

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“Stop-Losses and Momentum Investing Don’t Work”. Let’s Look At The Evidence

By Market Commentary

This will be particularly interesting for those advisory clients who are using our discretionary fund management (DFM) service, or those who are contemplating doing so.  At a high level we often talk about the need for any successful investment strategy to be split between your attack and defence – this blog is about the defence.  Though written for DIY investors using FundExpert, this defence is at the heart of our DFM portfolios.“Stop Using Stop-Loss Orders…They Don’t Work!” is a headline we came across this week from Fisher Investments (the original article is actually from 2019 but we have clearly been too slow to react!).

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What Is A Superbubble? Be Afraid

By Market Commentary

At a high level we often talk about the need for any successful investment strategy to be split between your attack and defence.  This blog is about why you need such a defence – it is not to deal with run-of-the-mill falls, but ones potentially catastrophic for your life plans.  Though written for DIY investors using FundExpert, such a defence is at the heart of our DFM portfolios.”

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More Bad News Needed

By News, Market Commentary

In the weeks and months to come, bad news will be good news. Bad news will mean that the economy is slowing, along with inflationary pressures, and interest rates can then stop rising. It isn’t clear how much bad news is required, but we are at least moving in the right direction, punctuated by spats between politicians and central bankers.

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Mini Budget, Major Chaos

By News, Market Commentary

The last month has been a news rollercoaster, and it ended last Friday with the UK’s mini-Budget, as a result of which one journalist was heard saying that the UK stock market is plummeting and the economy is being destroyed.  There is lots to unravel in today’s update, which ends with important conclusions on financial markets which are relevant to all clients.

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Untapped Potential Seeking Leadership

By News, Market Commentary

Today I do not look at specific investment issues. Rather I explore the positive backdrop which might unfold in the coming years, and considerably boost both economic and investment potential.  But it needs new thinking.  The pandemic and the Tory leadership contest have together revealed the weakness of the thinking which dominates today, and, much more importantly, shone a light on that huge untapped potential if that thinking changes.

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Dennehy Wealth