Thought you might like this honest assessment from the latest update from HM1 Ronnie.
As always, we continue to express caution to our shareholders. Trump tweets, more tariffs, the on-going trade war between the US and China, a new Prime Minister in the U.K, ultra-low interest rates globally, the Fed sending a clear message that economic growth is more anaemic than investors think, all suggest that we are in for more volatility in equity markets in the months ahead. We continue to monitor our positions regularly, and take comfort in the fact that we only hold companies that the industry’s top fund managers have their highest conviction.
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