Rob Arnott

17 results

US pharmaceutical giant Pfizer and German biotech firm BioNTech announced their coronavirus vaccine was more than 90 per cent effective in preventing Covid-19 among those without evidence of prior infection, according to new data. Photograph: Jakub Porzycki/NurPhoto

Pfizer’s Covid-19 vaccine announcement last week finally brought some respite for value stocks that had been battered in 2020. Bespoke Investments no(...)

Markets responded to last week’s US presidential election by posting their biggest post-election day rally in 120 years. Photograph: Jim Watson and Dominick Reuter/AFP

The reaction to last week’s presidential election in the United States shows how quickly market narratives can shift. Prior to the election, the conse(...)

Traders work at the New York Stock Exchange. Photograph: Johannes Eisele/AFP/Getty Images

Stocks have been all over the place in recent weeks as investors became gripped by election fever, but as veteran money manager and Research Affiliate(...)

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(...)

US stocks have experienced their fastest-ever move from all-time highs to a bear market. Photograph: Johannes Eisele/AFP via Getty Images

The longest bull market in history has been followed by the fastest bear market in history. No two bear markets are the same and the current one is un(...)

How far stocks fall depends not only on news flow, but on valuations. Photograph:  EPA/Justin Lane

Stocks have cratered because economies are shutting down and a global recession is coming. How far stocks fall, however, depends not only on news flow(...)

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(...)

Taking stock. Year after year over the last decade, predictions of an imminent return to form have been dashed. Photograpjh:  Stan Honda/AFP via Getty Images

Value investing – buying cheap stocks in the hope of buying low and selling high – has been a winning strategy for most of the last century. However, (...)

Most of the Fanmags – Facebook, Amazon, Netflix, Microsoft, Apple, and Google – are “trading at valuations nearly as rich as they have ever traded,” according to investor Rob Arnott. Photograph: Alastair Pike/AFP/Getty Images

Investors should avoid the broader US market and be especially wary of certain technology stocks that are, like bitcoin and controversial electric car(...)

President Donald Trump and vice-president Mike Pence examine an iconic Yellow Iron from Caterpillar. There has been much focus on the warning from Caterpillar’s chief executive  that the first quarter of 2018 might prove to be a “high watermark” for the company. Photograph:  Olivier Douliery/AFP/Getty Images

Corporate America has just enjoyed a bumper earnings season. Profits have risen by a quarter over the last year, underpinned by record high-profit mar(...)

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