Monday Macro: a juncture approaches, and why I’m even more cautious

Comments on the UK on Wednesday – focus on UK small caps. Also, a programming note: Next week, I’ll start sending out weekly summer notes through to the end of August.

The US market is at a turning point

I have no skills in market timing, but from my vantage point, it does seem like we might be approaching a turning point for the all-important US stock market.  I’ve spent much of the last few months agonising about what might happen next but now that the benchmark S&P 500 index has broken past 5500, I think we’re at an…