Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for July 2009

‘Dollar bears, China bores and the V-shaped recovery that no-one is predicting’

A good story has always gone a long way in the stock market. Expensive valuations can endure if the market has conviction in a compelling growth narrative. Equally, cheap assets are often neglected through the lack of “catalysts”. Moreover, once “belief” in a story is established it is often difficult to shift even when fundamentals begin to change. Currently, the highest conviction “beliefs” in the market are that: i) the economic recovery will be anything other than “V”-shaped; ii) Emerging Markets,…