Reacting to market volatility – do I need a money manager?
The start of August markets went into full melt down mode with the unwinding of the Yen carry trade. The S&P 500 Volatility index known as the VIX spiked to similar levels seen during the covid panic which played out over months. The VIX is not a stock or bond, it’s an index that measures […]
Biggest correction in 2024 signalling US recession has started?
Markets have just suffered their biggest correction in 2024, with the S&P 500 falling over 9% from its peak and the tech heavy Nasdaq off over 13%. Asian markets sparked the equity route with an unwind in the Yen carry trade. The Yen Carry Trade Unwind The Yen carry trade is a financial strategy where […]
Gleneagle undertakes site visit to cornerstone investment
Last week, Gleneagle undertook a site visit to a materials plant that sits within its investment portfolio. As of publishing, the security also forms a cornerstone within Gleneagle’s Emerging Companies Fund (‘’the Fund’’). The company supplies premium-grade materials used in the manufacturing of semiconductors, lithium-ion batteries, LEDs and sapphire-glass. Its commitment to innovation and environmentally […]
January Market Review
We spoke about the magnificent 7 last month, but perhaps it should really be called the ‘Magnificent AI’. Artificial intelligence (AI) has made some incredible breakthroughs in the last few years, with the pace of change accelerating at warp speed. The step change has largely been the ability to train AI models with extremely large […]
December Market Review
The top 7 stocks in the US, now called the ‘Magnificent 7’, accounted for nearly all the gains in the S&P 500 in 2023. When we plot the top 7 stocks in the S&P 500 against the remaining 493 stocks for the year, you can see the outperformance of these top names. Essentially, anyone not […]
November Market Review
November saw a very rapid rebound in equity markets as the ‘soft landing’ narrative took hold, despite commodities continuing to signal otherwise. Perhaps the Christmas rally came early this year, but when markets went vertical in November without pause, they call these a ‘lockout rally’, as anyone waiting for a pullback to jump on board […]
October Market Review
Rising bond yields and increased geopolitical tensions saw global equity markets in October experience their weakest month of performance year-to-date with the ASX 200 down 2.9%. Inflation and Rates Last month I was discussing getting long exposure to the US 2-year bonds as we were approaching the top of the rate hiking cycle. This trade […]
September Market Review
Markets have been under a bit of pressure in the last couple of months as interest rates continue to climb higher, and the Israel/Hamas conflict threatens to escalate. The S&P 500 is now back to the same level it was at the start of the year. With painfully elevated yields, and a looming US recession, […]
August Market Review
The portfolio is already on track for a very good September month, as one of Elsight’s design win partners, Airobotics, just received the first U.S. FAA ‘Beyond-Line-of-Sight’ (BVLOS) Type certification, which is the highest echelon of airworthiness certification for drones. This has been a 4-year long process, with reportedly over 100,000 test flights, and is […]
July Market Review
At the start of the month, the major shareholders had been putting pressure on Helios to make changes to fix the poor news flow. The company has now agreed to changes at Board level and an announcement was finally made to the market yesterday. Helios Shareholders have been getting frustrated from the complete lack of […]
