Chris Dillow

Investors are betting that the US's giant firms will continue to grow strongly. This is a risky bet.

Policy uncertainty matters enormously for equities, so if it falls shares could rise a lot.

Next week will bring signs that the post-lockdown recovery is losing momentum.

Retail sales have been a fantastic predictor of equity returns. They are now telling us to buy

A weaker US dollar is good for emerging markets. There are also other reasons to buy them.

The natural rate of interest might be very low - which means that even near-zero rates won't stimulate economies very much.

Retail sales have recovered better than industrial production, next week's numbers will show.

Equities, foreign currency and gold have been good protectors against falling house prices in the past. They might not remain so

Aim stocks have done well in recent weeks. This could continue, but not for very long.

Next week will bring news of economic recovery, but activity remains well below pre-pandemic levels.

The long term is very different from the short term, so long-term investors need completely different strategies.

Working from home might be a problem for the economy, but not in the ways that's being discussed.