Alva Devoy

Emerging markets were volatile throughout 2018, especially during quarter four as they sold off and took some valuation froth out of the market. This has continued into 2019 thus far, but as investors, it’s important to step back and take a longer-term view of the situation. I recently sat down... Show More

Alva Devoy

Quantitative easing has been the only game in town for years but the game is now changing. Ten years into the longest bull run in history, major dislocations are starting to appear, characterised by bouts of volatility as we return to a more normal investing environment. Show More

Alva Devoy

Australia has had a multi-decade love affair with credit, where we've gone from households being quite under-leveraged because we had financial regulation and credit rationing, to a ‘go for your lives’ scenario. It turns out when you let people borrow as much as they want, they borrow a lot. So... Show More

Alva Devoy

You make an investment, and it goes well for a while, but then it gets shaky. So you have to make a judgment call: Has the story changed, in which case you sell; or has the story stayed the same, in which case you hold, or buy more to exploit... Show More

Alva Devoy

If there’s one thing the market’s not short of, it’s noise. With newsreels looking for a quick sugar hit, it’s easy to get clouted in the latest headlines. For investors, this raises many questions. Is inflation coming back? Are bond yields going to take off on a tear? What will... Show More

Alva Devoy

The recovery in global stock markets has turned into one of the strongest bull markets on record, eclipsed only by the 1990s bubble in technology, media and telecoms. That in itself need not necessarily be cause for alarm. Records, as they say, are there to be broken and bull markets... Show More

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