General Stock Ideas

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Rothschild Investment Trust has greatly reduced their exposure to US assets over the past 6 months -

Their US exposure went from 62% at the end of 2016 to only 37% at the end of June 2017. Their UK and European exposure increased from 24% to 38% and from 4% to 16% respectively.

Lord Rothschild notes that the trailing PE on the S+P is now 25% vrs the long term average of 15%, at a time when economic growth is by no means assured.

Bond guru Bill Gross notes that global yields are the lowest in 500 years, with $10 trillion in negative rate bonds, and says that this is a supernova that will explode one day.