The top-heaviness of the S&P 500 index has a quality all of its own, with tech companies rivalling nation states
Continue reading..The UK government is desperate for Softbank-owned ARM Holdings to have a UK listing. But reversing the long-term trend toward foreign ownership of UK assets requires a rethink of the regulatory and tax obstacles to UK share ownership
Continue reading..Now that the dollar has reached 30-40 year highs against major currencies, how should non-US investors think about US stocks? We’ve built some new visualisation tools to help analyse the problem.
Continue reading..As war unfolds in Ukraine, equity markets are reflecting the abrupt change from pandemic to war.
Continue reading..Rampant gigantism in the stock market took a blow recently as small-cap stocks enjoyed a run of outperformance. Is this the return of value?
Continue reading..The S&P 500 index added $5 trillion of market cap this year, led by its biggest members. The trend is accelerating wealth inequality.
Continue reading..With a softening approach from central banks, borrowing-driven M&A is being rewarded
Continue reading..Just four S&P 500 companies gained $1 trillion of market cap this year. Was this prophesised by a trio of academics?
Continue reading..In 2017, size equalled success in the US stock market, in a way that was more extreme than in the past.
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