Worldwide Financial Planning

This week geopolitics comes to the fore, with a potentially momentous meeting between Donald Trump and China's President Xi Jinping being overlaid with the US missile attack on Syria.

For many people, most in fact, a pension fund will be the second biggest asset of value that they own beyond a property. For some, it may be worth more than their property. These assets not only benefit the owner during their lifetime, but also their partner and now even children thanks to the much changed pension death benefit options.

Whilst a smaller member of the EU, the risk of Greece leaving, especially after the Brexit news, would have a considerable impact on markets through the potential for contagion.

In the past, financial models meant something, and this created the opportunity to look back to look forward. Times are definitely a changing, and it’s hard to see how these models will continue to work.

The “reflation trade”, which is industry speak for betting big on Donald Trump spending on infrastructure and cutting taxes, has been called into question – with some analysts doubting the ability of the administration to get much legislation passed before the end of the year.

There is only a finite time that supporters of any belief, (be it trump, Clinton, Sanders or a flat world), who have become believers, will suck it up. A compulsive liar needs a compulsive believer up to a point, and this will begin to unfold into markets. In the meantime, enjoy the false surge.