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Stock markets are not the economy, luxury edition

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FTAV’s further reading

Information ownership; DOGE; antitrust; private markets; reading comprehension; Huang; and bananas

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The Three-Dollars Problem

Turbulence ahoi

Sovereign bonds
Happy 400th birthday to the world’s oldest bond

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US equities
Stocks are expensive, and nobody cares

How UBS learned to stop worrying and love the rally

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Tardiness is next to Godliness, they say

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A guide to 2025 investment outlooks by someone who hasn’t read them

Well the years start comin’ and they don’t stop comin’

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Pensions
UK pensions are £283bn worse off than we thought. Time to panic?

Bye-bye, buyout

US quantitative easing
Even slower for even longer

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MicroStrategy’s secret sauce is volatility, not bitcoin

Self-reinforcing market forces are creating demand for Michael Saylor’s ‘lottery ticket’ convertible bonds

Passive Investing
The ‘year of the stockpicker’ revisited

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  1. Happy 400th birthday to the world’s oldest bond
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