Investment briefing
Uncommon Sense
During those languid days of Christmas, subdued by mulled wine and mince pies, I gazed out at some pretty miserable weather. Instead of walking the dog, I made the mistake of scrolling through my Facebook account.
Investment briefing
Ricochet
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.
Investment briefing
Towards the end of January, shares in GameStop, an old-school American video games retailer, were driven higher by a cohort of (largely) young day traders looking to make a killing, armed with laptops and furlough cheques.