With the US 10-year bond yield briefly breaking up through the 2 per cent level last week, it’s worth noting that global bond markets in general just completed an absolutely terrible month for performance in January, following on from an equally terrible year in 2021.

The following is a short article written for the Australian Financial Review summing up the current situation in markets.

When looking at Thematic funds for long term investing, the key thread that runs through most of them is digitalisation and what some refer to as the fourth industrial revolution and the internet of things.

The latest piece for AFR went up yesterday. It is behind a firewall, so here for readers is a version of the draft I sent. Essentially it is making the point that inflation has not arrived thanks to Zero Interest Rate Policy (ZIRP), but rather due to Zero Covid and Zero Carbon policies and that, for all its irrationality, reversing ZIRP would not only not solve inflation, but likely cause stagflation.

The latest Market Thinker piece is up at CityWIre. Continuing our look at thematic investing, we consider the case for a broad portfolio based around digitaisation.