Let's invest and build wealth together. We will find good investment ideas, plus develop good habits. Hopefully, my experience as a global portfolio manager will help us keep the car on the road. We will also think differently than the others, which will improve our results. We will also use lots of global data to find new trends. Let's get going.
Joined on 15th April 2026
London
The bank stocks in the US and Europe have really sold off on higher long-term yields.
Over time higher yields and a higher Fed Funds/ECB rate is good for the banks. It's why bank ROE's are so much higher in emerging markets.
I own the big European banks and my plan is to sit tight because I expect with time we will see bank earnings continue to grow and beat expectations.
Another guest post from ‘Tell it like it is’
I'm sending out a guest post tomorrow from a good friend.
I want to tease it with my favourite chart.
It's amazing how much cash US consumers are sitting on.
Makes me think we are underestimating the positive income effect from higher interest rates on these cash holdings.
Also reinforces the view that the S&P 500 is going to $10,000.
