GMO

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Tesla electric car: Manic activity in stocks such as Tesla is contributing to the fourth great bubble he has witnessed, says Jeremy Grantham of GMO. File photograph: iStock

The United States stock market is now a “fully-fledged epic bubble”. So said Jeremy Grantham, iconic investor and GMO founder in a strikingly bearis(...)

Citigroup strategists expect stocks to tread water this year. Photograph: iStock

Jeremy Grantham’s belief that the US market is in bubble territory is not shared by most observers. However, you don’t have to be a bear to be concern(...)

The consensus is that another decade of US outperformance is increasingly unlikely. Photograph: iStock

The last 10 years have been great for the US stock market, but the next 10? Not so much, says fund giant Vanguard. It estimates US annual returns wi(...)

Five technology companies – Apple, Amazon, Microsoft, Alphabet (Google) and Facebook – account for almost a quarter of the S&P 500’s total market capitalisation. Photograph: Lionel Bonaventure/AFP via Getty

One strategist who clearly doesn’t think stocks should be at all-time highs right now is GMO’s James Montier, as evidenced by the title of his latest (...)

Traders wearing masks arrive before the opening bell at the New York Stock Exchange on May 26th. Photograph: Johannes Eisele/AFP via Getty

“One of the most impressive mismatches in history.” That’s how GMO founder and veteran investor Jeremy Grantham describes the current market in his la(...)

The S&P 500 is trading at 21.5 times expected earnings for the next year, according to FactSet, the highest level in 18 years.

“One of the most impressive mismatches in history.” That’s how GMO founder and veteran investor Jeremy Grantham describes the current market in his la(...)

A member of security wearing a protective mask stands in front of an electronic board displaying stock prices at the lobby of the Indonesia Stock Exchange  in Jakarta, Indonesia. Photograph: Dimas Ardian/Bloomberg

Global stocks are in bear market territory but some regions remain much cheaper than others. If you’re a value investor with a long-term outlook, you(...)

A pedestrian walks past quotation boards displaying a share price from the Tokyo Stock Exchange. Photograph: Kazuhiro Nogi/AFP

The global coronavirus outbreak could be over by June if countries mobilise appropriately, said Zhong Nanshan, the Chinese government’s senior medical(...)

Managers will be in a hot state when volatility erupts. Fear causes them to hedge reactively and to overtrade, not appreciating just how much their hot emotional state is impacting their decisions.  Photograph: Getty Images

Imagine the following scenario. Stocks are plunging around the world and your portfolio has been badly bloodied, losing 30 per cent of its value. Will(...)

Most strategists agree that the US, driven by surging growth from technology stocks such as Apple and Amazon, has earned its leadership role. Photograph: Paul Sakuma/AP Photo

The soaring US stock market has led the world over the past 10 years, but a growing number of strategists are cautioning that the 2020s may prove to b(...)

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