biden did try unity for a while. he started a lot of speeches, we ve covered them, with my friends across the aisle, my republican friends across the aisle, mitch, my longtime republican friend in the senate, and he s changed. something has changed. he s changed his rhetoric. what was that? i think there s a couple things happening right now. i think the president s speech tonight is going to be him not as a candidate, not as a surrogate for the democratic party but as a leader of this country who wants to defend our democracy. i suspect you will hear him call on democrats, independents, and republicans to take a stand in this moment and not support election deniers. i don t know you don t want your party to be focused on truffer, but they are. your candidates talk about trump. they want his endorsement. her not leading in this moment. i think joe biden is going to say our democracy needs to stand. the other thing is that your candidates won t when they talk about inflation, they d
British asset manager Ruffer predicted the long-term adoption of bitcoin by traditional financial institutions. Separately, Citigroup said the cryptocurrency could be at the tipping point of usage.
This speculation could have significant knock-on effects. These are all what I would describe as typical signs of excess and definitely things that make us take a cautious view on the overall market, Russell said. What s difficult to really put across is the fact that this excess is pretty much contained into large, but specific, pockets of the market.
Though the overall index could fall, it doesn t necessarily mean everything will go down in value, Russell said.
Russell is still investing in traditional businesses, such as retail, energy and financial companies, while avoiding momentum stocks, the FAANGs, as well as any business where investors are being asked to pay high multiples for future profits.