Canada quietly treads radical path on pensions

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Retirement funds push beyond bonds and stocks

Pensions and bonds: the problem explained

Bond mathematics and the scale of pension deficits

Pensions: Low yields, high stress

In the first article of a series, the Financial Times examines a creeping social and political crisis

wall street film

Greed makes you a rotten investor

Behavioural finance tools cast doubt on Gordon Gekko adage

History holds gloomy lesson for US stocks

Resting hopes for US stocks on higher earnings growth is a bet against recent history

Bond bull run lifts stocks to new records

Not since 2000 have the most quoted US indices hit records together — but bonds have done far better

Income opportunities beckon from Japan equities

Dividend yield on Topix stock index has risen above that of the S&P 500

US stocks can’t escape gravity for ever

Brazil’s Olympic win shows the links between the wider social mood and markets

Not a time for switching to emerging markets

EM assets are vulnerable both to a rise in bond yields and perceived geopolitical risk

Trump is entitled to his view on stocks

But the Republican candidate should spell out his plan for ‘scary scenarios’, writes John Authers

US earnings reach a turning point

US stock market might put in another long period without a new high unless profits grow

Central banks are not the enemy

‘Monetary policy has stayed too loose for too long: that is a failure of politicians’

Brexit casts long shadow over UK stocks

Range of outcomes suggests political uncertainty will play dominant role

The bizarre logic at play in markets

Slumbering interest rates coexist with peak share prices

Strong performance suggests real estate top

Reits like other conservative and income-producing assets look over-extended

Time for a new model pension fund rescue

Whether benefits or contributions are defined, it is vital to find a new model for retirement incomes

Case for minimum volatility looks robust

Equity markets’ post-Brexit round trip provides test for smart beta

The experts who failed the Brexit test

Most embarrassed by recent events are prediction markets

How Brexit caused a Wall Street sell-off

Reminder of political risk coincides with markets looking ready for a fall

Markets and politics — the awkward dance

Perception and reality in both spheres are hopelessly interlinked

Brexit: A Long View of a new Black Friday

Central banks cannot take market moves like this lying down

Why currency markets were wrongfooted

If Leave triumphs, there is an elevated risk of a financial accident, writes John Authers

Market fears run deeper than Brexit vote

Many reliable measures of anxiety and risk-aversion show investors alarmed or braced for a crisis

MSCI was right to hold firm on China

Index provider’s decision is justifiable even if it will put pressure on markets

Hedge funds: Overpriced, underperforming

The industry has ballooned thanks to pension funds. Now institutional investors are taking a look at costs and returns

Crude soothsayers should recall Peak Oil

Oil market’s ‘grand narratives’ can be read as cautionary tales for investors

Data ‘arms race’ is alpha lifeline

Active managers need to step up search for alpha to counter passive threat

Lack of conviction reflects negative mood

Recovery for risk markets since February shows sign of reversal

Poor earnings suggests bear market looms

Highly unusual for equity markets to go as long as a year without making a new high

Stock market’s sweetspot threatened

Why returns for equities face growing threat

Alarm over debt and stalled earnings

Cheap borrowing has funded dividends, stock buybacks, and M&A

The four puzzling questions for markets

Low bond yields help to keep expensive stocks attractive for now

Interest in low-carbon investment rises

As sustainability is quantified, the next step is smart beta ETFs

The drama’s not over for Argentina

Inflation hampers efforts at deeper structural reform

Earnings sugar rush masks pain for stocks

Low expectations leave companies with easy bar to beat, but long-term profit worries remain

Constraint of yen looms large for markets

Chance that Japan will weaken the currency again looks strong

Investors rake over ashes of poor quarter

Four factors helped unseat so many fund managers

Oil and US earnings matter for investors

Lack of confidence shows itself in collapsing profits forecasts

Big tests lie ahead after Yellen speech

Jobless data, earnings and global manufacturing surveys loom

Smart beta not quite as clever as billed

Cheap stocks that outperform attract buyers and then the moment is gone


John Authers John Authers is the Financial Times' Senior Investment Commentator, 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.

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