The latest edition of Financial Orbit Highlights is out

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‘So what do you do in the “new mediocre” era?’

I should have thought of the phrase myself but Christine Lagarde’s observation that the clear risk for the global economy is of an extended ‘new mediocre’ era fits with many of my observations about the world.  Investment life, however, is not about extended pessimism and the most important observation has to be that it will mean individual investment opportunities – namely stock picking – become more important.  This edition of Highlights will focus a little more on a few favoured names. 

So what have been my highlights of the last week?

·         The good news is that global PMIs are strong…

·         …but the ‘new mediocre’ is lurking;

·         The world’s largest fund management group is worried;

·         Oil at an interesting level and Saudi are barely covering their budget;

·         High yield still backing up;

·         October and volatility historically are friends;

·         It is a stock picking world…so a few thoughts

Feel free to contact me on any aspect of the above…or anything else in fact.

Chris Bailey                                                                                  

Founder, Financial Orbit

Email: chris.bailey@financialorbit.com

Web: www.financialorbit.com

Twitter: @financial_orbit