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Its Not Harry

Comment and opinion for retail investors in the UK

Markets

YAP – a momentous day

20th January 2025 by Mark Potter Leave a Comment

I have written with some trepidation about the potential consequences that will result from Trump 2.0. The global macro-economic outcomes of some of the promised policy actions could be dramatic.

Markets seem to have taken an optimistic turn in the last few days. That probably means that participants are betting that there is more bluster than real intent in the bombast that has always characterised Donald Trump’s attempts at global politics.

“I see trouble ahead…”

I am in no way convinced that this optimism is justified but am happy to look at better numbers in my portfolio valuations, of course!

I am not proposing that the most damaging or bizarre of the touted policies will, or will not, be actioned. I don’t really think we will know that for a while, although some actions are promised even for today.

It often takes years for some major political missteps to impact economies and financial markets permanently – Brexit is a great example of that, although I know not everyone agrees with my view that for Britain’s financial markets it was a mistake. Only the most partisan could now argue that there was a boost to the UK’s global status as a financial centre in the years since Brexit. Other consequences are now apparent, although not much publicised.

I personally remain very nervous about the immediate future consequences of the 47th presidency of the USA. I think there are a few likely scenarios, but it is pointless speculating ahead of the inauguration.

Rather better to keep a close eye on the news and market reactions to the news as it emerges, not forgetting to try and work out the longer-term consequences. I will do my best to add interpretation as soon as I have an opinion.

Filed Under: Markets, Opinion, Politics

YAP – 2025 as seen from New York

6th January 2025 by Mark Potter Leave a Comment

I receive a daily news feed on markets from the Dealbook team at the New York Times. I find this useful as we all know that what happens in the US stock markets is highly relevant data in interpreting the global macro-economic climate and overall financial risk.

The New York team leader Andrew Ross Sorkin recently published his thoughts on what might happen in 2025. Now pundits there are a plenty, but this author has contacts at the very highest levels of US business, so you might be interested in his thoughts as context. I have picked the points I thought most relevant to UK-based retail investors. My own touch of flavour is added.

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Filed Under: Markets, Members Only, Monthly commentary, Opinion, Politics

YAP – new video

18th December 2024 by Mark Potter Leave a Comment

Below is a link to a new video in which I comment on the implications of Trump 2.0 as far as they can be judged at this early stage. My comments are partly based on a recent webinar given by Steve Bell, the Chief Economist (EMEA) for CT.

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Filed Under: Economics, Markets, Politics

Deep Dive – December 2024

2nd December 2024 by Mark Potter Leave a Comment

An asset class with Trump 2 era attractions?

Having had no feedback in response to my two-part dissertation on the importance of keeping an eye on high level asset mixes and how that might be achieved, I conclude that either the topic was too complicated, or more likely, my readers ‘get it’ and will be keeping a weather eye on relevant news and its implications.

A key function of my blog posts is to help you sort the wheat from the chaff and this month I will address a topic that I am sure I will have to keep front and centre for some time: Trump 2. Although the implications of the Trump second term could well be very serious indeed, it has yet to start, so all investors can do is read the early signs and think about what they might do to mitigate the potential new risks, and those are plentiful, as I have already outlined.

My Christmas gift is an easier read this month!

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Filed Under: Asset Allocation, Education, Markets, Members Only, Monthly commentary, Politics, Portfolios

YAP – reasons to be pessimistic (part 2)

19th November 2024 by Mark Potter Leave a Comment

I feel that over the last 2 or 3 years, it has been tempting to assess future investment market direction mono-thematically. First markets moved on the almost daily take on what the Fed was going to do next; then it was the latest announcements about money pouring into AI development and now of course it is the latest hints/evidence as to how a Trump administration will work and the impact on global trade, the US economy and for that matter security in Eastern Europe, the Middle East and the South China Sea.

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Filed Under: Markets, Politics, Portfolios

Y(our) A(attention) P(lease) – reasons to be pessimistic: 1-2-3

14th November 2024 by Mark Potter Leave a Comment

The likely economic implications of Trump’s second presidency are getting a thorough airing everywhere, so I thought readers might like my snapshot of the prospecs at this early stage. Bear in mind that power does not actually change hands until late January.

No grounds for welcoming new US economic policy?

There are 3 worrying possibilities:

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Filed Under: Economics, Education, Markets, Politics, Portfolios

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