Understanding the Magnificent 7 in Historical Context
15 August 2025 Dear Fintax Investor How big are the Magnificent 7, today’s tech giants, compared to their historic counterparts? To answer this, we can look back at the peak inflation-adjusted...
The Contest
23 April 2025 Dear Fintax Investor As of April 2025, global markets are navigating a volatile landscape shaped by escalating tensions in the unseen financial battle between the United States and...
A Historic Shift in the “Risk-Free” Paradigm
22 May 2025 Dear Fintax Investor Last week, ratings agency Moody's downgraded U.S. sovereign debt from Aaa to Aa1, aligning with earlier downgrades by Fitch (2023) and S&P (2011). This marks a...
The Neo-Mercantilist Era: Rare Earth Minerals and the Retreat from Globalisation
15 July 2025 Dear Fintax Investor Mercantilism, the historical economic doctrine of amassing national wealth through trade surpluses and resource control, is experiencing a revival as nations pivot...
Navigating the AI Trade in 2025
18 June 2025 Dear Fintax Investor In 2025, intensified competition and cautious investor sentiment have weighed on the Artificial Intelligence (AI) trade, with share prices of major AI companies...
The Biggest Single-Day Stock Declines
18 February 2025 Dear Fintax Investor Late in January, Chinese startup DeepSeek unveiled a cost-effective artificial intelligence (AI) model that requires significantly fewer AI chips for training,...
Semiconductors
15 January 2025 Dear Fintax Investor Artificial intelligence (AI) is taking centre stage in both popular culture and the financial markets, and it’s no surprise why. As AI continues to reshape...
2024 Year Review & 2025 Outlook
8 January 2025 Dear Fintax Investor The Past: Performance 2024 delivered another good year for the global stock market. In fact, since the start of 2014, there have been only three negative...
Ferraris, Picassos and Oom Paul’s Kruger Rands
5 August 2024 The prior five year investment cycle has been interesting to say the least. It has bared witness to the Covid crisis, the sharpest interest rate hiking cycle since the 1970s, a...
2024 Mid-Year Market Update
8 July 2024 Dear Fintax Investor As we have reached the mid-year, we can take stock of the year-to-date performance of various countries and regions and consider the outlook for the remainder of the...
Surviving History
Collecting can be an addiction. I have it. Mine is vintage watch collecting. My collection of vintage pocket watches stretches all the way back to the mid-1800s. The watches themselves are...
Index Concentration & 250 Year Averages
Global equity markets delivered their strongest monthly performance thus far in 2024 after a disappointing April. However, most of recent global equity index rises can be attributed to a few key...