Wall Street’s new rationale for optimism

Mood of serene confidence has remained intact in the US

Watch for companies splashing cash

They are underperformers, in company with cash hoarders

Two elderly persons on the beach
©Brett Critchley/Dreamstime

Placing wealth in the happiness equation

The link between the two is stronger than most would think

Long-term returns boosted by illiquidity

The less liquid a stock, the better it will perform over time

Rate increases will test the market mood

Once the Fed raises rates in earnest it could be painful

Chase sales and margin growth in Big Tech

Not all growth is equal and some tech stocks may be ‘growth traps’

Fund deal flurry could be broader omen

Consolidation is driven by the burning need for survival

Animal spirits bring a welcome jolt

More deals could keep the stock market humming

Low volatility is bad for ‘low-vol’ funds

Once central banks start to tighten rates, such assets may make sense

Fund managers linked to systemic risk

If they amplify market cycles they contribute to broad-based risk

The Long View: Stocks correction better than comeuppance

Fears over Fed making hawkish or dovish ‘mistake’

Look for value trades in emerging markets

Dividend payers and China A-shares are undervalued

Value fears turn the tide against buybacks

Clear-cut change in corporate behaviour during past few months

BoE’s biggest test yet to come

UK’s housing market must still face rising interest rates

US colleges reap advantages of scale

Laggard retailers remain a horror story

Even after recent losses retail stocks are not cheap

Who is responsible for teaching responsibility?

Both regulations and the structure of capital markets foster a culture of ‘passing the buck’

Role of banks recedes in wake of crisis

Banks’ centrality to the economy is being nibbled away

Seas calm as US stocks sail serenely on

Conditions are benign, but is a correction over the horizon?

How to guard against an oil price spike

Crude oil prices have surged to highest in nine months

Investor distrust drives cash pile rise

Retail investors raised cash allocations to 40% in 2014

Is ‘smart beta’ smart enough to last?

If it relies on ‘dumb beta’ to work, it will be eliminated over time

Growing silver economy signals big winners

Greater longevity and declining birth rates are with us

Personal coach wanted for investing shots

Tennis could well teach us something about investment performance

New rules and unintended consequences

Rules stamping out abuses can create fresh dangers

Death of US dollar is greatly exaggerated

There is simply nothing that is better and safer

Europe’s bargain stocks cleaned out

Hard to find companies with a ‘eurozone discount’

Let’s make the capex fit to ensure a stronger economy

Buybacks reduce the amount of stock in issue

Fine wine value is not a matter of taste

Its price tends to rise past maturity

Hard sell: why fund managers underperform

Effects of poor selling decisions outweigh good buying ideas

Disquiet grows over private equity

As an asset class, it has had a great run

US revival warrants EM strategy rethink

The global advantage is shifting back to American shores

Stop the scramble – Africa rewards patience

Mistakes made in opening up other EMs must not be repeated

The hard facts about momentum investing

You can rely on it, but it makes many people uncomfortable

Managers wake up and smell the coffee

Meeting in Starbucks’ home the sector adapts to its 2008 humbling

Use psychology to beat stockpicking pros

Orthodox view on behavioural finance is being turned on its head

Active management industry in bafflingly good health

Index funds have forced active funds to become more active

Little joy at slow pace of jobs recovery

There is room for far more improvement

Be contrary and boldly back uranium miners

Aggressive value investing demands an iron constitution

Financial crises are the cost of progress

Crises portrayed as an inevitable part of the desire to innovate

ABOUT JOHN

John Authers John Authers is the Financial Times' Senior Investment Columnist, responsible for the weekly Long View and other columns on markets and investment. In a 22-year career at the FT, his previous posts have included global head of the Lex column, investment editor, US markets editor, Mexico City bureau chief and US banking correspondent. His latest book is The Fearful Rise of Markets.

John has a degree in Philosophy, Politics and Economics from the University of Oxford, and an MBA from Columbia University.

E-mail John Authers

To receive an email alert for John Authers , sign up at the top of any his columns.

Enter job search