Chelsea Financial Services

'It is clear that the world has changed and government spending is being redeployed'

'It's a complex backdrop for investors'

‘The period of abundant income is ebbing'

'There are reasons to be nervous about the largest companies in the index'

'2025 has been a salutary lesson in the difficulty of timing markets'

'Investors need to be aware of the potential vulnerability of the dollar'

'The fixed income market is in an odd place'

The most obvious beneficiary of lower rates is the small-cap sector

'Markets to hit new highs, while credit spreads are at multi-decade lows'

'Trump has, for the most part, chickened out'