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Insight - Making Sense of the Narrative

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When looking at Thematic funds for long term investing, the key thread that runs through most of them is digitalisation and what some refer to as the fourth industrial revolution and the internet of things.

So Facebook have rebranded as Meta and the buzz is growing about the MetaVerse. Despite all the memes and the criticism of FB/Meta, the key takeway is that this whole Internet 3.0 and the world of Crypto is simply now ‘too big to fail”.

In Equity Markets, the near 5% rise in October effectively reversed the equivalent selloff in September as the market mechanics unwound, while bond markets saw the month close with sharply higher volatility and some very aggressive flattening of the yield curve at the front end, seemingly as central banks stopped buying in short dated bonds as part of a ‘tapering’ exercise.

In recent months I have found the comments below THG stories in the Times to be quite useful as they have been in dramatic contrast to the recycled PR puff pieces above the line – indeed many of them pointing out the until recently utterly uncritical coverage of Magic Matt Moulding and his friends from Softbank.

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