Strange days indeed

That the US stock market remains wildly overpriced does not disturb us – and in any case it has been wildly overpriced for years. We can search quite happily for diamonds in markets like Asia. (But not China, for what should be obvious reasons.) 2021 will surely be a challenging year – perhaps most acutely for bonds and currencies. But we’re ready for the fight. We wish all our clients and readers a happy, peaceful and prosperous New Year !

7 January 2021