During the past month, the release of the first live rounds in the US/China trade war weighed on the portfolio’s two Chinese stocks, while growing Capital Hill pressure on big tech together plus the summonsing of Google’s CEO to Washington hurt Alphabet.
Look around supermarkets and you’ll see that brands have been built to cater for Baby Boomers. But, as these big spending consumers age and die off, Millennials have become a more powerful consumer group.
A major feature of the past month has been the US stock market’s growing disdain for erratic news flow from the White House. Investors now appear to be ignoring statements from the Trump Administration.