Tech wobbles, markets cool on peace, the rotation isn’t where we thought! What happened to the great rotation? With peace not breaking out, but with haggling over a deal replacing active hostilities, markets have cooled. Profit taking in the hottest markets, like Korea, has led to profit taking elsewhere, and there is increasing

The world waits for a peace deal… tech stocks? They just don’t care Did the war with Iran really happen? Markets have recovered from the impact of the Gulf war and then some. With the exception of Brazil and India (a heavy importer of oil from the gulf), markets have had another very strong

The war is not over... but the markets act like it is Momentum Reasserts Itself… The month of April has seen a big reversal and recovery - albeit not uniform: technology, the US market and Asia have all recovered strongly. The EU and UK not so much. Precious metals have also been lacklustre

The War is Over… April Fool Momentum is a high volatility strategy. The Iran war has proved it. No Assets Spared With the exception of oil and gas stocks, no sector has been spared. Bearish sentiment about the impact of the oil shock has been exacerbated by leveraged trading. As investors have unwound

The Great Rotation Continues Emerging markets and Europe continue to outperform the US. A very positive start to 2026, even if markets generally stepped back a little in the last two weeks of January: Precious metals and miners take a break The big momentum story last month was precious metals, but after silver’s

Hi-HO Silver AWAY! Momentum up! Will the resource grab take metals to new highs? The big momentum story is largely unchanged: Precious metals and miners are the big story, the rotation out of US and into Emerging markets and Europe carries on. A very positive start to 2026: Notwithstanding the excitement in markets

Momentum persisting but where’s the “Santa rally”? – 16th December 2025 A mixed month for markets: The momentum story is almost unchanged from October. If we look at the top ten funds over 4, 12 and 26 weeks, they are almost unchanged with only the alternative energy funds moving out and more biotech

Steadying down, except for Gold! – CCT MMT - 28th October 2025 Last month’s “booom” is now having a bit of a break: The big momentum sector has been gold, with the top five risers in the month and last 6 months all being gold and gold linked funds: It is interesting also

Boooom!! – CCT MMT -  30th September 2025 Last month’s “nuanced story” is now looking less nuanced! With only the Dax indices going backwards, the US market has moved up setting new records We can always hear warning voices, in the Wall Street Journal for instance: The Market’s Riskier Than It Used to

ROTATION AWAY FROM THE US DEVELOPS AS A THEME – 28-08-25 A nuanced story this month! Whilst the US has produced a series of records over the month: the Nasdaq reached a new record, the Dow approaching all-time highs, and a really aggressive stance taken by investors buying stocks with borrowed money, but,