Briefings Magazine: Where Tech Starts, Ends

By SIMON CONSTABLE

Something odd happened almost three decades ago. Startup web-browser company Netscape went public, delighting investors despite having no profits. This event, on August 9, 1995, prompted one of the biggest global economic shifts since the industrial revolution. Over the last 27 years, web-based businesses have become behemoths worth billions of dollars: Amazon, Meta, Alphabet, Alibaba, Tencent, Baidu, Netflix. Yet the overwhelming majority of these big tech companies come from just two countries: the US and China. Other countries, such as those in Europe or Asia (excluding China), lag hugely. Read more here.

WSJ: Financial Flashback --President Clinton Tanks the Stock Market

By SIMON CONSTABLE

Exclusively in the print edition of The Wall Street Journal

#EU: #US: A slowdown but perhaps not a recession? @BatchelorShow

 By SIMON CONSTABLE

Listen here.

General Soup Kitchen - 1880 by Mike Quinn, 

CC BY-SA 2.0, via Wikimedia Commons

Forbes.com: UBS Warns U.S. Growth And Tech Investors, Prefers Germany

 By SIMON CONSTABLE

Investors who benefited from the recent rally in tech and growth stocks might benefit from some caution, says a recent report from Swiss-based bank UBS.

“As we think that technical factors may have played a large role in the market performance so far this year, we expect this to eventually wane as fundamental factors resume the dominant position as market drivers,” writes Mark Haefele, Chief Investment Officer at UBS Global Wealth Management. “Therefore, we advise investors to be cautious of those assets that were the biggest beneficiaries of such flows, like growth and tech equities.” His emphasis.

Read more here.

Ank Kumar, CC BY-SA 4.0, via Wikimedia Commons

Forbes.com: Top Republican Warns High Risk Of China-Taiwan War. Here’s How To Invest If It Happens

By SIMON CONSTABLE

War is coming, and soon.

That’s the warning from those with the inside skinny in Washington D.C., Reuters reports.

The risks of China invading Taiwan are “very high,” said Mike McCaul, Foreign Affairs Committee chief. If military conflict is inevitable then investors need to prepare. Read more here.

日本防衛省・統合幕僚監部, CC BY 4.0, via Wikimedia Commons

Forbes: Central Banks Buy Gold Like It's 1967, While ETF Investors Ditched It - World Gold Council

By SIMON  CONSTABLE

Central banks couldn’t seem to get enough bullion for their vaults last year.

Collectively they purchased 1,136 metric tons of the metal worth more than $70 billion in 2022. It was also the biggest level of purchasing since 1967, more than half a century ago, according to data provided by industry group World Gold Council. Read more here.

James St. John, CC BY 2.0, via Wikimedia Commons

Forbes.com: Lumber Prices Set For A Surge As Homebuilding Rebounds

By SIMON CONSTABLE

The homebuilding business looks like it's ticking up again after a tricky 2022. And with it investors should see lumber prices lift as well. The latter had a brutal year also.

“Lumber, we believe, has made a major low,” writes Shawn Hackett, president of Hackett Financial Advisors. “The lumber market has likely made a major low and can trend substantially higher over the next year.” Read more here.

Tartakizbica, CC BY-SA 3.0, via Wikimedia Commons