RBS analyst Andrew Roberts, who instructed clients to “sell everything” in January

For some investors there is nothing quite as sickening as all-time highs. If one includes dividends, the S&P 500 hit fresh all-time highs last we(...)

BP’s chief executive Bob Dudley:  BP shareholders voted on April 14 to oppose his  $20 million pay package for 2015, the rare revolt reflecting outrage after the British oil and gas company recorded its biggest annual loss. Photograph: REUTERS/Suzanne Plunkett/Files

Chief executives’ outsized pay packages are again coming under scrutiny, following a host of controversial pay awards in recent weeks. A fortnight ago(...)

Robert Shiller, professor of economics at Yale University. Photograph: Ramin Talaie/Bloomberg via Getty Images

January was not a pleasant month for stock markets. Stocks endured their worst- ever start to a year, and the number of investors expecting a catastro(...)

Prime Minister David Cameron  at the launch of the ‘Brighter Future In’ campaign bus at Exeter University in Devon, after he said he will “make no apology” for spending taxpayers’ money on a pro-EU publicity drive ahead of the referendum on Britain’s future membership.  Photograph: Dan Kitwood/PA Wire

Investors sceptical of low-conviction rally With global equities gaining 15 per cent and Wall Street staging its eighth largest intra- quarter reversa(...)

New York Stock Exchange: many studies confirm that stock markets are not the preserve of hard-headed financial types. Photograph: Michael Nagle/Bloomberg

Are you investing in stock markets to boost your finances or because you are looking for a little excitement? Or is a bit of both, perhaps? The inves(...)

Pfizer chief executive Ian Read: “This deal is not just about tax benefits.” Photograph: Simon Dawson/Bloomberg

The prospect of Brexit may be nightmarish to many but one could be forgiven for thinking investors appear oddly sanguine. The FTSE has slipped in 201(...)

Oil: on the rebound? Photograph:  EPA/STEFAN SAUER

S&P 500 eyes all-time highs after rebound Investors won’t forget the first quarter of 2016 in a hurry. After enduring its worst-ever start to a ye(...)

Market ups and downs: a focus on short-term performance means money managers are engaging in activity that is causing bubbles and crashes

Institutional investors’ obsession with short-term performance means money managers are engaging in activity that is “not merely superfluous but wealt(...)

Inside the Federal Reserve  in Washington. Photograph:  EPA/SHAWN THEW

Anxiety regarding Federal Reserve plans caused stocks to retreat last week – or so we’re told. The Fed recently left rates unchanged and signalled two(...)

Up and down: investment consultants admit past performance continues to be the most important criterion for selecting managers. Photograph: Michael Nagle/Bloomberg

It’s hard to imagine an investment world where the best-performing managers were fired and replaced by the poorest performers. Such a scenario would s(...)