The Art of Investing

Episódios

• 
  Gilt Market Tells Bank of England: It’s Time to Hike Rates 16.09.2026 59min

  🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing, with special guests, prizes and more.The event is completely free – sign up here: https://www.ig.com/uk/the-art-of-investing-live📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on:  Apple, Spotify, YouTube This week on The Art of Investing, Rich, Mark and Chris are joined by Kieron Lynch, a gilt market veteran whose career began during Britain’s 1976 financial crisis and spans 50 years across the UK bond market.With oil above $100, bond yields climbing and central banks facing increasingly difficult decisions on interest rates, Kieron looks back to the inflation crisis of the 1970s to ask what investors and policymakers can learn from history.The team explore why credibility matters so much to bond markets, whether the Bank of England is falling behind the curve and why treating inflation as “transitory” can be such a dangerous strategy. Kieron also explains what would need to happen before he becomes confident buying long-dated gilts again.Plus, the team assesses another difficult week for the portfolio as rising oil prices, a stronger US dollar and changing expectations around AI investment put pressure on commodities and emerging markets.This Week’s Highlights:🕰️ What Can Investors Learn From the 1970s? Kieron takes us back to Britain’s 1976 financial crisis, when soaring inflation, negative real yields and collapsing confidence ultimately forced the UK to seek help from the IMF.📈 Why Inflation Comes in Waves From the oil shocks of the 1970s to today’s disruption around the Strait of Hormuz, Kieron explains why defeating one inflationary shock doesn’t necessarily mean the problem is over.🏦 Is the Bank of England Behind the Curve? The team questions whether incremental rate rises will be enough, with Kieron arguing that markets need convincing evidence that policymakers are serious about bringing inflation under control.💷 Are Gilts Finally Becoming Attractive? With long gilt yields approaching 6%, Chris and Kieron debate whether current yields represent an opportunity – or whether investors should wait for stronger action from the Bank of England.🤖 AI Hits a New Roadblock Warnings from leading AI executives over safety and the pace of development hit global chip stocks, while raising questions about whether hyperscalers could begin slowing their enormous capital expenditure plans.🛢️ Oil Puts Markets Under Pressure Brent climbs to around $108 while US oil reaches $100, increasing inflationary pressure and contributing to a difficult week for commodities and other risk assets.Portfolio Snapshot:📊 Weekly portfolio performance: -1.2% 📅 2026 year-to-date return: +10.8%Commodities were the biggest drag this week, with copper falling around 6% and BlackRock World Mining down around 5%. Emerging markets also came under pressure as semiconductor stocks fell, while the FTSE 100 was the portfolio’s strongest-performing risk asset.Portfolio Changes:No portfolio changes this week.The team debate adding longer-dated gilts as yields approach potentially attractive levels, but ultimately decide to wait and see how the Bank of England and other major central banks respond. The portfolio therefore maintains its 15% cash position and 2.5% allocation to short-dated gilts.Big Questions This Week:What can today’s investors learn from Britain’s inflation crisis in the 1970s?Is the Bank of England falling behind the curve?Why is credibility so important when central banks fight inflation?Are long-dated gilts finally becoming attractive at current yields?Could slowing AI investment reduce the competition for capital?Are resilient equity markets signalling strength or creating a false sense of security?What You’ll Learn:✔️ Why inflation can return in multiple waves✔️ How monetary and fiscal policy worked together to restore UK market confidence✔️ What investors mean when a central bank is “behind the curve”✔️ Why bond markets react so strongly to central bank credibility✔️ What could make long-dated UK gilts attractive again✔️ Why treating inflation as permanent could actually help make it transitoryDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Oil Prices Driving Interest Rates Higher; When Will Stocks React? 11.09.2026 51min

  🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing.The event is completely free – sign up here: https://www.ig.com/uk/the-art-of-investing-live📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on:  Apple, Spotify, YouTube This week on The Art of Investing, the team look ahead to a crucial week for global interest rates, with major central banks preparing to make their next moves as investors grapple with rising oil prices and an intensifying competition for capital.Chris explains why he believes interest rates need to rise regardless of the latest inflation data, while Mark explores the bullish alternative: could AI-driven productivity and investment deliver economic growth strong enough to offset higher borrowing costs?The team also examine Scott Bessent’s attempts to influence US bond markets, the strengthening Japanese yen and what record copper prices are telling us about demand, AI infrastructure and the global economy.Plus, 25 years on from 9/11, Rich, Mark and Chris reflect on their experiences working in financial markets that day and the extraordinary market recovery that followed.This Week’s Highlights:🛢️ Oil Breaks Through $100 Oil moves above $102 a barrel as disruption around the Strait of Hormuz puts energy markets and inflation back in focus.🥉 Copper Hits Another Record High Copper reaches a new all-time high as supply tightens and demand from AI data centres continues to grow.💴 The Yen Trade Pays Off The Japanese yen strengthens around 4%, helping the portfolio’s unhedged Nikkei 225 position and highlighting the impact currencies can have on overseas investments.🏦 Should Central Banks Raise Rates? With major central bank decisions approaching, Chris argues policymakers should act now to demonstrate their commitment to controlling inflation.🤖 Could AI Deliver Extraordinary Growth? The team debate whether AI-driven productivity could generate enough economic growth to offset higher borrowing costs.📈 When Do Higher Yields Become a Problem? Chris asks where the tipping point lies at which attractive bond yields begin pulling capital away from equities.Portfolio Snapshot - Week 56:📊 Weekly portfolio performance: +0.2% 📈 Total return since inception: +24.8% 📅 2026 year-to-date return: +12.2%Top Performers:📈 iShares Nikkei 225 ETF: +2.8%📈 WisdomTree Copper ETF: +2.8%📈 iShares Core MSCI EM IMI ETC: +1.0%Underperformers:📉 iShares MSCI India ETF: -2.9%📉 Vanguard FTSE 250: -1.1%📉 iShares Core FTSE 100 ETF: -0.9%📉 Invesco STOXX Europe 600 UCITS ETF GBP: -0.8%Portfolio Changes:The team are selling their 5% holding in XLI SPDR US Industrials ETF and moving the proceeds into cash, taking the portfolio’s cash allocation from 10% to 15%.After several weeks of discussing becoming more defensive, the additional cash gives the team greater flexibility should opportunities emerge.Big Questions This Week:How much further could oil prices rise?Why has the Japanese yen strengthened so sharply?Should central banks raise rates even if inflation begins to soften?Can AI growth offset higher borrowing costs?When do higher bond yields begin pulling capital away from equities?Is now the right time to become more defensive?What You’ll Learn:✔️ Why oil above $100 could create renewed inflationary pressure✔️ How currencies can transform returns from overseas investments✔️ Why central banks face difficult decisions on interest rates✔️ How AI investment is creating competition for capital✔️ Why stronger growth doesn’t automatically mean higher equity valuations✔️ Why the team are increasing their cash positionDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Interest Rates Are Going Up - Is the UK Ready? 04.09.2026 1h 4min

  📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, the team ask whether the investment landscape is beginning to change as bond yields continue to climb around the world.Chris compares the very different forces driving UK and US bond markets, arguing that while America faces a growing competition for capital to fund the AI investment boom, the UK is confronting a much more uncomfortable inflation and credibility problem.The team also revisit Jackson Hole, where Kevin Warsh’s more hawkish message pushed markets towards expecting further interest rate rises, and examine the latest chapter in the increasingly public disagreement between Scott Bessent and Stanley Druckenmiller over the direction of US bond yields.Alongside the macro debate, they answer listener questions on the role of short-dated gilts in a diversified portfolio, whether higher bond yields have changed the case for the Russell 2000, and why becoming emotionally attached to an investment can be one of the most dangerous mistakes an investor makes.This Week’s Highlights:🛢️ Oil Puts Markets Under Pressure Oil prices jump sharply as conflict escalates again in the Middle East, adding to inflation concerns and weighing on industrials, commodities and interest-rate-sensitive assets.🏦 UK vs US: Two Very Different Bond Problems Chris explains why rising US yields reflect a shortage of capital, while UK bond markets are signalling much greater concern about long-term inflation and the credibility of monetary and fiscal policy.🤖 Is AI Creating a Shortage of Capital? The extraordinary sums being invested in AI and data centres are increasing demand for funding, raising the question of how high bond yields may need to go before capital starts moving out of other assets.📊 Does the Russell 2000 Still Make Sense? Mark explains why he remains positive on US small caps despite rising rates, pointing to strong domestic growth and expectations for significant earnings growth across the index.🛡️ Why Hold Short-Dated Gilts? A listener challenges the portfolio’s short-term gilt position, prompting a discussion about diversification, defensive assets and why bonds do not always protect portfolios when inflation is driving markets.❤️ The Danger of Falling in Love With an Investment The team share painful lessons from their own careers on becoming emotionally attached to positions, ignoring price action and allowing past profits or losses to influence future decisions.Portfolio Snapshot - Week 55:📊 Weekly portfolio performance: -0.9%📈 Total return since inception: +24.6%📅 2026 year-to-date return: +12.0%Top Performers:📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +0.6%📈 iShares Core MSCI EM IMI ETF: +0.4%📈 iShares MSCI India ETF: +0.3%Underperformers:📉 XLI SPDR US Industrials ETF: -4.0%📉 BlackRock World Mining Trust PLC: -2.2%📉 iShares Russell 2000 ETF: -2.0%Portfolio Changes:No portfolio changes this week.The portfolio fell 0.9% as higher oil prices and rising bond yields weighed particularly heavily on cyclical assets, while technology and emerging markets provided some support. The portfolio remains up 12.0% year to date and 24.6% since inception.Big Questions This Week:Are rising global bond yields beginning to change the investment landscape?Why are bond yields rising for very different reasons in the UK and the US?Could the enormous demand for capital from AI eventually pull money out of equities?Do short-dated gilts still have a role in the portfolio if they have delivered little return?Has the rise in bond yields weakened the investment case for the Russell 2000?How can investors avoid becoming emotionally attached to a winning or losing position?What You’ll Learn:✔️ Why rising bond yields do not always mean markets are worried about inflation✔️ What UK bond markets are signalling about long-term inflation expectations✔️ How the AI investment boom is increasing competition for capital in the US✔️ Why short-term bonds can still play a defensive role within a diversified portfolio✔️ How higher interest rates affect small and mid-sized companies differently✔️ Why successful investors need to separate their emotions from their investment decisionsDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Nvidia vs Gold; Which is the greater fools rally? 28.08.2026 1h

  📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are back with a big listener Q&A episode, taking on three of the biggest questions facing investors right now: should you bother picking single stocks, is gold worth buying again, and are equities entering a more difficult phase?With Nvidia delivering another extraordinary update, Bitcoin back above $80,000, oil falling sharply, and bond markets still waiting on Jackson Hole, the team unpack a market where confidence is returning in some places, but the warning signs have not disappeared.From the challenge of beating ETFs to the case for gold, AI infrastructure spending, and the hidden effect of new share issuance, this episode asks whether investors should be adding risk, sitting tight, or preparing for a harder turn in markets.Portfolio Snapshot - Week 54:No changes were made to the portfolio this week.📊 Weekly portfolio performance: +0.5%📈 Total return since inception: +25.4%📅 2026 year-to-date return: +12.9%Top Performers:📈 BlackRock World Mining Trust PLC: +4.7% WoW📈 WisdomTree Copper ETF: +1.9% WoW📈 iShares Core MSCI EM IMI ETC: +1.8% WoWUnderperformers:📉 XLI SPDR US Industrials ETF: -1.2% WoW📉 iShares Russell 2000 ETF: -1.2% WoW📉 Invesco EQQQ Nasdaq 100 UCITS ETF: -1.1% WoWThis Week’s Highlights:📊 Portfolio Edges HigherThe model portfolio rises around +0.5% on the week, taking performance to +25.4% since inception and +12.9% year-to-date.🤖 Nvidia Reignites the AI DebateNvidia guides to 70% revenue growth for the year ending January 2028, but the team debate whether the market is still right to stay cautious.📉 Bonds Stay in FocusStanley Druckenmiller criticises Scott Bessent’s Treasury bond-buying plan, keeping fiscal credibility and bond-market pressure firmly on the agenda.🛢️ Oil Falls SharplyOil drops around 7% as progress around the Strait of Hormuz eases supply fears, helping bonds but raising new questions about inflation and commodities.🥇 Gold Gets Another LookAfter a strong rebound, the team debate whether gold deserves a place in the portfolio again, or whether real yields still make the case difficult.📦 ETFs vs Stock PickingCJ and Spice explain why even professional investors struggle to beat indices, and why ETFs remain the preferred route for most long-term investors.🏗️ Re-Equitisation RiskThe team examine whether a wave of IPOs, AI funding and insider selling could reverse years of shrinking share supply and weigh on future returns.Big Questions This Week:• Is Nvidia still cheap, or is the market right to be suspicious of future AI growth?• Should everyday investors bother picking single stocks, or stick with ETFs?• Is gold attractive again after its pullback and rebound?• Will weaker oil and a softer dollar bring central banks back into gold?• Could a new wave of IPOs and equity issuance drag on market returns?• Are investors close to the point where they should start reducing risk?What You’ll Learn:✔️ Why Nvidia’s numbers can be outstanding while the wider market still stays cautious✔️ Why most active managers struggle to beat their benchmark over time✔️ How factor ETFs can replace some traditional fund-manager exposure✔️ Why real yields, the dollar and central-bank buying matter for gold✔️ What “de-equitisation” and “re-equitisation” mean for stock market returns✔️ Why Jackson Hole could shape the next portfolio moveDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Will Bond Vigilantes end the Equity Bull Market? 21.08.2026 55min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback:https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, attention turns to the bond market as rising real yields begin to create a new challenge for investors.Chris breaks down what real yields actually are, why they are moving higher and how increasingly attractive returns from government bonds could eventually start competing with equities for investors’ capital.The team also unpack the US Treasury’s latest intervention in the bond market, likening the move to a modern-day “Operation Twist”, and debate whether policymakers can successfully push down longer-term yields when borrowing demand remains so high.Alongside the bond discussion, Mark reviews a busy week across markets, from a weaker US dollar and a rebound in Bitcoin and Ethereum to Moderna’s extraordinary rally. The team also answer listener questions on whether it’s too late to start following the portfolio, how they use moving averages to inform investment decisions, and the role currency hedging can play when investing overseas.This Week’s Highlights:💰 Why Real Yields MatterChris explains the difference between nominal and inflation-linked bonds, and why rising real yields could become increasingly important for equities and other risk assets.🔄 Operation Twist ReturnsThe team unpack the US Treasury’s plan to increase long-term bond buybacks while issuing more short-dated debt, and why they believe the intervention matters for markets.🏦 The Competition for CapitalWith governments and major technology companies borrowing heavily, the team discuss why growing demand for capital is pushing yields higher and creating a more challenging backdrop for investors.📉 When Do Bonds Become Too Attractive to Ignore?Chris considers the level at which higher risk-free returns could encourage investors to reduce equity exposure and start allocating more heavily towards bonds.📊 How the Team Decide When to Buy and SellResponding to a listener question, Mark and Chris explain how moving averages can help identify when markets are becoming stretched and provide a less emotional view of price action.💷 Should Investors Hedge Currency Risk?The team explore the impact exchange rates can have on overseas investments and why sterling investors may choose between hedged and unhedged funds.Portfolio Snapshot - Week 53:📊 Weekly portfolio performance: -1.1%📈 Total return since inception: +24.9%📅 2026 year-to-date return: +12.4%Top Performers:📈 BlackRock World Mining Trust PLC: +1.0%📈 iShares Russell 2000 ETF: +0.1%📈 Cash: +0.1%Underperformers:📉 iShares Nikkei 225 ETF: -3.7%📉 WisdomTree Copper ETF: -2.9%📉 XLI SPDR US Industrials ETF: -1.8%Portfolio Changes:No portfolio changes this week.Despite weakness across several holdings, diversification helped limit the overall portfolio decline to 1.1%, with the team maintaining their existing positioning as they begin the second year of the portfolio.Big Questions This Week:Could rising real yields eventually pull meaningful capital away from equities?Why is the US Treasury intervening in the long end of the bond market?Can policymakers successfully fight the direction of the bond market?Is it too late for investors to start following the model portfolio after its strong first year?Which indicators can investors use to help decide when to buy and sell?Should UK investors hedge the currency exposure in their overseas investments?What You’ll Learn:✔️ What real yields are and why they matter for investment markets✔️ How rising government bond yields can affect equity valuations✔️ Why the latest US Treasury bond buybacks are different from quantitative easing✔️ How moving averages can be used as part of an investment decision-making process✔️ What to consider when choosing between hedged and unhedged overseas funds✔️ Why the team are becoming more cautious as markets head towards September and OctoberDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Our Portfolio Returned 26%. Here’s What We Did - An Honest Review 14.08.2026 54min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, it’s the end-of-year exam as the portfolio officially reaches its first anniversary.With the portfolio finishing the year up 26.0% since inception, Rich puts Mark and Chris in the hot seat to assess how much of that performance came from good portfolio management, where they got it wrong, and the lessons they’re taking into year two.The team revisit some of the biggest investment calls of the past 12 months, from avoiding government bonds and maintaining exposure to commodities, to navigating the Iran conflict and buying back into US equities following the sell-off.They also look ahead to the next 12 months, debating whether the AI investment boom can continue to drive US earnings, what could finally challenge US market leadership, and why rising bond yields and a changing Federal Reserve could become increasingly important for investors.Alongside the annual review, Mark unpacks another busy week across markets, with AI investment continuing at extraordinary levels, oil prices climbing and the portfolio ending its first year with another positive weekly return.This Week’s Highlights:🎂 One Year of the Portfolio The team mark 52 weeks of the portfolio, finishing its first year with a total return of +26.0%.📝 The End-of-Year Exam Rich grills Mark and Chris on their best calls, biggest mistakes and whether the portfolio’s performance really came down to skill or a favourable year for markets.🤖 The AI Investment Boom Continues Huge financing and capital expenditure commitments keep flowing into AI and data centres, but the team debate whether investors are becoming too reliant on the same story.🇺🇸 US Bull Case Put to the Test Mark explains what would genuinely make him rethink his bullish stance on US equities and why earnings growth remains central to his outlook.📉 Why the Team Avoided Bonds Staying away from government bonds is identified as one of the portfolio’s defining calls of the year, differentiating it from a traditional 60/40 approach.🌍 Where Could Returns Come From Next? The team assess the outlook for the US, Japan, emerging markets, the UK, Europe, India and China as they consider positioning for year two.🏦 A Changing Fed Could Change the Rules Chris explains why the Federal Reserve’s approach to supporting markets could become one of the most important risks to watch over the coming months.Portfolio Snapshot - Week 52:📊 Weekly portfolio performance: +0.5%📈 Total return since inception: +26.0%📅 2026 year-to-date return: +13.5%Top Performers:📈 BlackRock World Mining Trust PLC: +3.3%📈 iShares Nikkei 225 ETF: +2.7%📈 Vanguard FTSE 250: +1.0%Underperformers:📉 iShares MSCI India ETF: -1.4%📉 WisdomTree Copper ETF: -1.0%📉 iShares Core FTSE 100 ETF: -0.5%Portfolio Changes:No portfolio changes this week.The portfolio closes out its first year with 14 holdings, including 10% in cash, as the team maintain their existing positioning heading into year two.Big Questions This Week:• How much of the portfolio’s 26% return came from good management versus rising markets?• What were the team’s best decisions, and biggest mistakes, of the past year?• What would make Mark finally change his bullish view on US equities?• Can the enormous investment in AI and data centres ultimately justify current expectations?• Could higher bond yields eventually pull capital away from equities?• Where could the strongest and weakest investment opportunities emerge over the next 12 months?What You’ll Learn:✔️ Why avoiding government bonds became one of the portfolio’s most important calls✔️ How the team assess performance beyond simply looking at headline returns✔️ Why earnings growth remains key to the US equity bull case✔️ How experienced investors respond when markets move sharply against them✔️ What could trigger a major change in the portfolio’s asset allocation✔️ Which markets and asset classes the team are watching as they enter year twoDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  How Excessive Leverage brought down Wall Street’s Golden Boy 07.08.2026 57min

  📈 Download the full Portfolio Performance Slides: Here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok | @theartofinvestingpod on Instagram🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, after a sharp reversal across AI-linked stocks, the team explain how Leopold Aschenbrenner’s highly leveraged AI trade became one of the biggest stories in markets, why crowded positioning matters, and how forced selling helped shape the latest moves across tech, software, commodities and emerging markets.They also look at the parallels with previous market excesses, including 1929, ask whether AI could be disinflationary, and debate whether markets can keep running into Jackson Hole before investors need to think about taking risk down.This Week’s Highlights:📈 Portfolio Jumps +4.2%A strong week takes the portfolio to +25.5% since inception, with no changes made this week.⚠️ Leopold and LeverageThe team unpack how leverage works, why margin calls can force selling, and why a “one big trade” portfolio can unravel quickly.⚒️ Miners Lead the WayBlackRock World Mining Trust tops the portfolio, up +10.4% on the week as gold, silver and copper strength feed through to mining shares.🇯🇵 Japan Bounces HardThe Nikkei position rises +9.5%, helped by currency intervention and a stronger week for Japanese equities.🌏 Emerging Markets RallyMSCI Emerging Markets gains +6.5%, supported by Korea’s sharp rebound, a weaker US dollar and renewed appetite for growth.🤖 Nasdaq Reverses HigherThe Nasdaq position rises +5.9% as money flows back into AI and tech after weeks of pressure.📉 1929 LessonsChris draws on Andrew Ross Sorkin’s 1929 to compare today’s market risks: leverage, speculative new technology, retail risk-taking and policy error.🏦 Jackson Hole in FocusThe team debate whether the Fed is “running the economy hot” and why late August could be important for market direction.Portfolio Snapshot – Week 51:📊 Weekly portfolio performance: +4.2%📈 Total return since inception: +25.5%📅 2026 year-to-date return: +13.0%Top Performers:📈 BlackRock World Mining Trust PLC: +10.4% WoW📈 iShares Nikkei 225 ETF: +9.5% WoW📈 iShares Core MSCI EM IMI ETF: +6.5% WoW📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +5.9% WoW📈 XLI SPDR US Industrials ETF: +5.3% WoWUnderperformers:📉 iShares Core FTSE 100 ETF: -0.1% WoW📈 Cash: +0.1% WoW📈 iShares UK Gilts 0-5yr ETF: +0.5% WoW📈 iShares MSCI India ETF: +1.3% WoWPortfolio Decision:No changes were made to the portfolio this week. The team remain positioned for the current market rally, while noting they may look to reduce some risk later in August if markets continue to run strongly.Big Questions This Week:• What is leverage, and why can it be so dangerous?• How can a hedge fund lose control of a winning trade?• Are AI stocks back in charge, or is this just a relief rally?• Why does a weaker dollar help commodities and emerging markets?• Are there real parallels between today’s market and 1929?• Could AI improve margins without reigniting inflation?• Should investors enjoy the August rally, or prepare to reduce risk before September?What You’ll Learn:✔️ How leverage magnifies gains and losses✔️ What margin calls mean in real market conditions✔️ Why crowded trades can reverse violently✔️ How AI is affecting earnings, margins and market leadership✔️ Why commodities, Japan and emerging markets performed strongly this week✔️ Why the team are watching Jackson Hole before making the next portfolio moveDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Is The Fed Credibility Cracking? And What Earnings Season Tells Us 31.07.2026 1h 3min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, the team assess the latest Federal Reserve decision and the key takeaways from earnings season, examining what both could mean for the market outlook.The team unpack a volatile market backdrop as the AI trade begins to unwind, bond markets take centre stage, and central bank credibility comes into question.A sharp sell-off in semiconductor and AI-linked stocks has driven significant moves across global markets, particularly in Japan and emerging markets, while rising bond yields are beginning to challenge equity valuations.The episode explores whether investors truly understand their exposure, particularly within popular themes like AI and emerging markets, and how concentration risk can quietly build within diversified portfolios.Alongside this, the team break down another week of portfolio performance and a major shift in positioning, as they debate whether this market correction presents a buying opportunity or a warning sign of deeper structural change.This Week’s Highlights:📉 Portfolio Pulls BackA difficult week sees the portfolio fall -1.7%, driven largely by weakness in AI-linked markets.🤖 AI Trade UnwindsSemiconductors and AI stocks come under pressure, with sharp declines across global tech markets.🇯🇵 Japan & Emerging Markets HitNikkei and EM equities lead losses as tech exposure and global positioning unwind.📈 UK Markets Show StrengthFTSE 100 reaches new highs, highlighting ongoing rotation into value-led markets.🏦 Central Banks in FocusThe Federal Reserve, Bank of England, and Bank of Japan all take centre stage in a pivotal week for policy.📊 Bond Yields Rise SharplyMarkets begin to question central bank credibility, pushing yields higher and tightening financial conditions.🔄 Rotation AcceleratesCapital continues to shift away from growth and into value, changing the leadership within markets.Portfolio Snapshot – Week 50:📊 Weekly portfolio performance: -1.7%📈 Total return since inception: +21.4%📅 2026 year-to-date return: +8.8%Top Performers: 📈 iShares MSCI India ETF: +2.2% 📈 iShares Core FTSE 100 ETF: +1.6% 📈 Vanguard FTSE 250: +0.3% Underperformers: 📉 iShares Nikkei 225 ETF: -6.7% 📉 iShares Core MSCI EM IMI ETC: -5.3% 📉 BlackRock World Mining Trust PLC: -4.7% Portfolio Changes:A significant shift this week as the team deploy capital back into equities:Reduce UK Gilts (0–5yr) by 7.5%Add 2.5% to JapanAdd 2.5% to NasdaqAdd 2.5% to FTSE 250The move reflects a view that recent market weakness may present selective opportunities, while also maintaining diversification across regions and styles.Big Questions This Week:• Has the Federal Reserve lost credibility with markets?• Are rising bond yields a bigger threat to equities than expected?• Is the AI trade undergoing a healthy correction, or something more structural?• Can value continue to outperform growth in this new environment?• Does this sell-off present a buying opportunity, or signal further downside?What You’ll Learn:✔️ Why bond markets are now driving equity market direction ✔️ How rising yields impact growth vs value investing ✔️ What’s really behind the recent AI and semiconductor sell-off ✔️ How professional investors navigate earnings season volatility ✔️ Why diversification matters more than ever in shifting market regimesDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  The AI Rally's Weak Spot: Oracle's Warning Sign 24.07.2026 58min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube Overview:This week on The Art of Investing, the team unpack a market where volatility is building beneath the surface, with credit markets, AI spending, and rising oil prices all contributing to a more fragile backdrop.While headline equity performance remains relatively steady, attention is turning to credit default swaps (CDS) as a key signal of risk, particularly in companies heavily exposed to the AI boom.From Oracle’s growing debt pile to increasing competition across AI models, this episode explores whether the market may be overestimating the returns from AI investment, and what that could mean for both equities and credit markets.Alongside this, the team break down another week of portfolio performance and the broader macro picture, including rising bond yields, commodity strength, and continued sector rotation.This Week’s Highlights:📈 Portfolio Edges Higher A steady week sees the portfolio rise +0.4%, continuing its strong long-term performance.⚒️ Commodities Continue to Lead Copper and mining equities outperform, supported by supply constraints and ongoing demand linked to AI infrastructure.🛢️ Oil Prices Push Higher Brent crude continues its upward move, adding pressure to global markets and import-heavy economies.💳 CDS Back in Focus Credit default swaps re-emerge as a key market signal, highlighting growing concerns around corporate debt levels.🤖 AI Trade Under Pressure Rising costs and increasing competition begin to challenge the assumption of dominant, high-margin AI winners.📉 Rotation Away from Tech Semiconductor and AI-linked stocks face renewed pressure as capital rotates elsewhere.Portfolio Snapshot – Week 49:No changes were made to the portfolio this week.📊 Weekly portfolio performance: +0.4%📈 Total return since inception: +23.1%📅 2026 year-to-date return: +10.5%Top Performers:📈 BlackRock World Mining Trust PLC: +3.3% WoW📈 WisdomTree Copper ETF: +3.1% WoW📈 Vanguard FTSE 250: +2.3% WoWUnderperformers:📉 iShares Nikkei 225 ETF: -2.7% WoW📉 iShares MSCI India ETF: -1.2% WoW📉 XLI SPDR US Industrials ETF: -0.5% WoWBig Questions This Week:• Are credit markets signalling deeper risks beneath the surface of equity markets? • Can AI investment deliver the returns needed to justify rising debt levels? • Is the shift from “winner takes all” to a more competitive AI landscape underway? • How are rising oil prices and bond yields impacting global growth expectations? • What does increasing volatility mean for portfolio positioning going forward?What You’ll Learn:✔️ What credit default swaps (CDS) reveal about market risk✔️ Why AI competition could reduce pricing power and returns✔️ How rising debt levels are impacting key AI-linked companies✔️ What higher oil prices and bond yields mean for investors✔️ How the team are navigating volatility within the portfolioDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  British Bargain Basement: Why UK companies are selling out? 15.07.2026 45min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, the team navigate a shortened trading week where, despite markets feeling under pressure, the portfolio continues to edge higher, now up +22.6% since inception and +10.1% year-to-date.But beneath the surface, things are shifting quickly.With oil surging nearly 20% in just a few days, bond yields climbing, and AI continuing to redirect capital across the global economy, the team unpack a market that feels increasingly volatile, even when headline performance looks steady.From strong moves in commodities to sharp declines in legacy tech, and a wave of takeover activity across the UK, this episode explores where capital is flowing, and what that means for investors right now.This Week’s Highlights:📈 Portfolio Pushes Higher A positive start to the week sees the portfolio rise +1.1%, continuing its strong long-term performance.⚒️ Copper Leads the Charge WisdomTree Copper ETF tops the leaderboard, up +4.1%, driven by falling inventories and strong demand signals.🛢️ Oil Jumps Sharply Oil prices surge nearly 20%, lifting commodities and adding pressure across global markets.🤖 AI Reshaping Markets Capital continues to rotate into AI, with traditional software names like IBM falling sharply as spending shifts.📊 Volatility Around Earnings Large swings in individual stocks highlight a market increasingly driven by expectations vs reality.🇬🇧 UK Takeover Activity Surges A wave of M&A activity points to potential undervaluation, with significantly more takeovers than new listings.📉 Bond Yields Climb Rising yields suggest markets are beginning to price in the possibility of higher interest rates.Portfolio Snapshot – Week 48:No changes were made to the portfolio this week.📊 Weekly portfolio performance: +1.1%📈 Total return since inception: +22.6%📅 2026 year-to-date return: +10.1%Top Performers:📈 WisdomTree Copper ETF: +4.1% WoW📈 BlackRock World Mining Trust PLC: +2.0% WoW📈 iShares Nikkei 225 ETF: +2.0% WoWUnderperformers:📉 iShares Core MSCI Emerging Markets ETF: +0.3% WoW📉 iShares Core FTSE 100 ETF: +0.3% WoW📉 iShares UK Gilts 0–5yr ETF: 0.0% WoWBig Questions This Week:• Is the surge in oil prices sustainable, or just a short-term shock?• Are bond markets signalling that interest rates could move higher again?• How much disruption is AI really causing across traditional industries?• Why are UK companies being taken over at such a high rate?• What does continued volatility mean for portfolio positioning?What You’ll Learn:✔️ What’s driving the latest moves in commodities and oil✔️ Why AI is pulling capital away from legacy sectors✔️ How takeover activity reveals hidden value in markets✔️ What rising bond yields mean for investors✔️ How the team are thinking about volatility right nowDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Do You Really Know What You’ve Invested In? 10.07.2026 1h 3min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides here📧 Get in touch: [email protected]📱 Behind the scenes: _theartofinvesting on TikTok | @theartofinvestingpod (Instagram)🎧 Listen on: Apple, Spotify, YouTube Happy Birthday to us! This week on The Art of Investing, the team mark one year of the portfolio with a more volatile week in markets, as geopolitical tensions, oil price moves and continued rotation across equities begin to test performance.While the portfolio takes a step back, the broader conversation focuses on what’s really driving markets right now - from renewed pressure in commodities and emerging markets, to ongoing shifts within equities and growing dispersion across global indices.The team also explore two key themes this week: the hidden concentration within ETFs - comparing cap-weighted vs equal-weighted investing - and the rise of thematic investing, including how to think about geographic and sector diversification.This Week’s Highlights:📉 Markets Pull Back A weaker week across global markets sees broad-based declines, with most asset classes finishing in negative territory.🛢️ Oil Volatility Returns Geopolitical tensions push oil prices higher again, reversing recent declines and adding pressure across sectors like airlines and transport.🔄 Rotation Continues Ongoing shifts within equities, with capital moving between sectors and regions rather than leaving markets entirely.🤖 AI & Tech Volatility Continued swings across semiconductor and AI-linked stocks, highlighting the fragility of recent momentum.🇯🇵 Japan Under Pressure After a strong run, rising bond yields raise questions around sustainability and potential profit-taking.📉 Commodities Pause A cooling period for commodities, with weaker China demand and a stronger dollar weighing on prices.📊 Concentration Still Matters Single stock moves continue to have an outsized impact on indices, reinforcing the importance of understanding what you own.Portfolio Snapshot – Week 47:No changes were made to the portfolio this week.Weekly portfolio performance: -2.2%Total return since inception: +21.5% 2026 year-to-date return: +9.0%Top Performers:📈 Cash: +0.1% WoW📈 iShares Core FTSE 100 ETF: -0.0% WoW📈 iShares UK Gilts 0–5yr ETF: -0.3% WoWUnderperformers:📉 iShares Nikkei 225 ETF: -5.9% WoW📉 BlackRock World Mining Trust PLC: -5.3% WoW📉 iShares Core MSCI EM IMI ETF: -4.0% WoWBig Questions This Week:• Is this pullback a short-term reaction or the start of a broader slowdown?• How sustainable is the recent strength in oil prices?• Are commodities simply pausing, or is the cycle turning?• What does rising bond yield pressure mean for Japan and global markets?• Is market concentration still a hidden risk for investors?What You’ll Learn:✔️ What’s driving the latest bout of market volatility✔️ Why oil prices are back in focus✔️ How rotation is shaping equity performance✔️ What’s happening in Japan and why it matters✔️ Why understanding index composition is key✔️ What the team are watching next in the portfolioDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Jeremy Hunt on UK Investing, CGT, and the £100k Cliff Edge 06.07.2026 42min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks🏆 Competition: win Jeremy Hunt’s book via Instagram @theartofinvestingpod📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting (TikTok) | @theartofinvestingpod (Instagram)🎧 Listen on: Apple, Spotify, YouTube In this special episode, we sit down with former Chancellor of the Exchequer, Jeremy Hunt, for a rare, behind-the-scenes look at one of the most volatile periods in recent UK economic history,  the 2022 mini-budget crisis.From an unexpected call while on holiday to becoming Chancellor within hours, Jeremy shares what it was really like taking over during a market crisis, why governments don’t control the economy as much as we think, and the uncomfortable truth about why Brits are falling behind when it comes to investing.Jeremy also gives a clear and timely view on Capital Gains Tax, arguing that higher CGT risks discouraging investment and ultimately holding back long-term growth, particularly at a time when the UK needs to be attracting capital, not pushing it away.In this conversation, we discuss with Jeremy:Why “markets always win” and what happens when governments lose credibilityThe moment he was called to become Chancellor and what markets were really reacting toWhy the UK doesn’t have a savings problem, but an investing problemHow complexity in ISAs and pensions is holding people backWhy Australia’s pension system is miles ahead of the UKHow tax, incentives and policy shape investor behaviourWhy British capital isn’t backing British companiesThe role of inflation and why getting it wrong breaks everythingThe real risks facing global markets todayWhy long-term thinking is the only real investing edgeWant more like this?For weekly market breakdowns, portfolio updates and expert insights, follow The Art of Investing:🎧 Listen on: Apple, Spotify, YouTube Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Q2 Portfolio Review: Winners, Losers & What We're Buying 03.07.2026 51min

  📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here 🏆 Competition: win Jeremy Hunt’s book via Instagram @theartofinvestingpod 📧 Get in touch: [email protected] 📱 Behind the scenes: @_theartofinvesting (TikTok) | @theartofinvestingpod (Instagram) 🎧 Listen on: Apple, Spotify, YouTube Overview:This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham come together in the studio for a full Q2 portfolio review. We’re up +12.6% over the quarter, with returns now sitting at +23.8% since inception and +11.3% year-to-date.We got the war completely wrong. We got the markets completely right. Listen for a break down of everything that worked, everything that didn’t, and the two new trades they’re putting on right now - while asking a much bigger question: are markets becoming too comfortable?With copper and mining stocks continuing to lead performance - with holdings like BlackRock World Mining Trust and the WisdomTree Copper ETF among the standout contributors - the team explore why this theme remains central to the portfolio, how AI and electrification are reshaping demand, and whether investors are underestimating the risks still present in the global economy.Meanwhile, the portfolio continues to deliver strong long-term returns, but with pockets of volatility emerging across emerging markets, crypto-linked assets and commodities - particularly with weakness in areas like India and continued dispersion between global regions.This Week’s Highlights📈 Portfolio Edges Higher The portfolio rose +0.1%, with returns at +23.8% since inception and +11.3% YTD.⚒️ Copper & Mining Still Leading Copper remains a core theme, supported by AI and electrification demand.🤖 AI & Electrification Demand Infrastructure buildout continues driving commodity demand.⚠️ Are Markets Too Relaxed? Markets remain strong, but risks may be underpriced.🇯🇵 Japan & Global Equities Perform Developed markets continue to support overall returns.📉 Weakness in Emerging Markets & India Emerging markets remain volatile, with India lagging.📈 Q2 Performance HighlightsPortfolio up 12.6% in Q2 and 11.3% year to dateBest performer: Nikkei 225 up 33% over the quarterKorea up 57% and Taiwan up 54% (within Emerging Markets)S&P 500 hedged up 16.2% for the quarterEmerging Markets up 20% - second best performerBlackRock World Mining Trust the biggest disappointment - giving back Q1 gains as gold and silver sold offNasdaq (not held directly) up nearly 29%Quarterly Portfolio SnapshotTop Performers:🥇 BlackRock World Mining Trust PLC: +59.4% 🥈 iShares Nikkei 225 ETF: +55.1% 🥉 WisdomTree Copper ETF: +33.4%Underperformers:📉 iShares MSCI India ETF: –2.7% (–9.2% YTD) 📉 iShares UK Gilts 0–5yr ETF: –0.8% YTD 📉 Emerging Markets ETF: laggingPortfolio Changes This WeekWeekly performance: +0.1%Total return since inception: +23.8%2026 YTD return: +11.3%Two new positions added, funded from cash:1. FTSE 250 – 5% allocation UK mid-caps at attractive valuations Potential beneficiaries of falling rates and regional growth Policy and M&A activity highlighting underlying value2. State Street Sector ETF – XLI Industrials – 5% allocation New asset class exposure Includes GE Aerospace, Raytheon, Uber, Caterpillar, Honeywell Benefiting from reshoring and lower energy prices Part of rotation into cyclical “old economy” sectorsBig Questions This Week• Why is copper such a critical long-term theme?• Are markets underpricing economic risks?• Can mining stocks continue to outperform?• How should investors think about volatility?What You’ll Learn✔️ Why copper is central to AI and electrification✔️ How sentiment is driving markets✔️ Why mining remains a key driver✔️ What risks investors should be watchingDisclaimerThis podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Meta & Microsoft in Bear Market. So Why are Markets at Highs? 26.06.2026 59min

  📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: _theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, the team are joined by returning guest Stewy Thompson, as Rich dials in from Miami and CJ checks in from sunny Norfolk.It’s been a far more mixed week for markets and the portfolio, with sharp divergences across asset classes. While equities continue to broaden out beyond big tech, commodities have sold off heavily and currency movements are starting to play a bigger role.The team unpack the ongoing rotation in markets, the implications of a stronger US dollar, and whether the AI-driven rally is evolving rather than ending. They also explore growing pressures in private markets, shifting macro conditions, and what all of this means for the portfolio going forward.This Week's Highlights:📉 Commodities Come Under PressureGold enters a bear market and silver crashes sharply, with copper and broader commodities also selling off in a difficult week for the asset class.💵 Dollar Strength ReturnsA stronger US dollar puts pressure on commodities and emerging markets, while also impacting hedged positions within the portfolio.🔄 Market Rotation ContinuesThe rally broadens beyond mega-cap tech, with the Russell 2000 and equal-weight S&P hitting new highs as money rotates within equities.🤖 AI Story EvolvesBlowout results from memory chipmakers reinforce the AI theme, but questions remain over sustainability and valuations.📉 Magnificent Seven UnderperformSeveral of the largest US tech stocks enter bear market territory, highlighting increasing dispersion across markets.🏦 Private Markets Show StrainRising redemption requests and liquidity challenges suggest growing stress in private credit and equity markets.🌍 Diverging Global EconomiesThe US economy continues to show strength, while the UK outlook weakens amid political uncertainty and slowing growth.Portfolio Snapshot – Week 45:No changes were made to the portfolio this week.📊 Weekly portfolio performance: -1.2%📈 Total return since inception: +23.7%📅 2026 year-to-date return: +11.1%Top Performers:📈 iShares MSCI India ETF: +2.0% WoW📈 iShares Russell 2000 ETF: +1.3% WoW📈 UK Gilts: +0.1% WoWUnderperformers:📉 BlackRock World Mining Trust PLC: -11.5% WoW📉 WisdomTree Copper ETF: -6.1% WoW📉 iShares Core MSCI EM IMI ETF: -1.7% WoWBig Questions This Week:• Is the rotation away from mega-cap tech a temporary shift or a longer-term trend?• Have commodities fallen far enough to become attractive again?• How sustainable is the recent strength in the US dollar?• Will AI continue to drive market performance beyond the largest tech names?• Are private markets starting to pose a systemic risk?• What impact will UK political changes have on growth and markets?What You’ll Learn:✔️ Why a stronger dollar creates pressure across global markets✔️ What’s driving the sharp sell-off in commodities✔️ How market leadership is shifting beyond big tech✔️ Why private markets are facing liquidity challenges✔️ How AI investment is feeding through into the real economy✔️ What the team are watching next in the portfolioDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  SpaceX Soars, The Fed Shifts and India Faces an AI Threat 19.06.2026 1h 10min

  📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: _theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube This week on The Art of Investing, the team celebrate Episode 50, with Rich McDonald dialing in from the US alongside Mark “Spice” Holden, Chris “CJ” Fellingham and JP Smith.It’s been a standout week for markets and the portfolio, with equities and commodities pushing higher as falling oil prices, easing geopolitical tensions and central bank developments reshape the outlook. The team unpack the continued momentum in AI and global equities, the implications of SpaceX’s blockbuster IPO, and what shifting rate expectations mean for markets from here.This Week's Highlights:🚀 SpaceX Soars The biggest IPO in history continues to dominate headlines, with SpaceX surging ~40% post-listing and reigniting debate around valuations and liquidity.🌍 Markets Push Higher Global equities deliver a strong week, with multiple indices approaching or hitting all-time highs.🛢️ Oil Prices Drop Sharply Oil falls ~15% as tensions ease, helping drive disinflation expectations and supporting risk assets.🏦 Central Banks Take Centre Stage Major central banks meet this week, with the Fed’s new chair signalling a shift in thinking around inflation and policy.📊 AI Momentum Continues Strong earnings and ongoing capital investment reinforce the structural AI growth story.🇯🇵 Japan Remains Strong Japanese equities rally following rate clarity from the Bank of Japan and continued economic support.Portfolio Snapshot – Week 44:No changes were made to the portfolio this week.📊 Weekly portfolio performance: +4.05% 📈 Total return since inception: +24.88% 📅 2026 year-to-date return: +12.35%Top Performers: 📈 BlackRock World Mining Trust PLC: +13.9% WoW 📈 iShares Nikkei 225 ETF: +10.6% WoW 📈 iShares Core MSCI EM IMI ETF: +7.4% WoWUnderperformers: 📉 Cash: +0.1% WoW 📉 iShares UK Gilts 0–5yr ETF: +0.5% WoW 📉 iShares Core FTSE 100 ETF: +2.5% WoWBig Questions This Week:• Can AI-driven growth continue to support markets at current valuations?• Are interest rate expectations starting to shift meaningfully again?• Is the recent rally broadening beyond US tech and AI?• Does falling oil signal a more supportive macro environment?• Should the portfolio begin redeploying defensive allocations?What You’ll Learn:✔️ Why falling oil prices are so important for inflation and markets✔️ How central bank messaging is evolving under new leadership✔️ What’s driving strength in commodities and global equities✔️ Why Japan and emerging markets are outperforming✔️ How the team are thinking about deploying cash in the portfolioDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  AI CapEx and Rate Rises - The Double Trouble Hitting Big Tech 12.06.2026 52min

  Can’t get enough of The Art of Investing? Take a look here for even more content! https://youtu.be/B0FzP8sjd_w 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: _theartofinvesting on TikTok🎧 Listen on: Apple & SpotifyThis week on The Art of Investing, host James “Jimmy” Ovenden steps in for Richard McDonald, joined by Mark “Spice” Holden and Chris “CJ” Fellingham.It’s been a tough week for the portfolio, with markets taking a hit as strong US economic data reshapes interest rate expectations. The team break down a staggering $400 billion in capital raise announcements from the world’s biggest tech companies, explore what new Fed Chair Kevin Warsh’s first meeting might signal, and ask the question on every investor’s mind: why is the oil price falling even as bombs fly in the Middle East?This Week's Highlights:📉 Markets Pull BackUS equities suffer their worst week of the year as the Nasdaq falls 6% and the semiconductor index tumbles 11%.💰 $400 Billion Capital GrabOracle, Meta, OpenAI, Anthropic, Amazon and Space-X collectively announce hundreds of billions in fresh capital raises - raising the question of who is actually funding the AI boom.🚀 Space-X Goes PublicHighly anticipated IPO prices at $135/share with 4x oversubscription, entering the Nasdaq and Russell indices but not the S&P 500.📊 Rate Rise Fears ReturnStrong US non-farm payrolls trigger a repricing of rate expectations - with up to three hikes now on the table and Kevin Warsh’s first Fed meeting closely watched.🛢️ The Oil Price ParadoxDespite ongoing Middle East tensions, the oil price falls - the team explore why markets are ignoring the disaster narrative.🇮🇳 India’s Unlikely ComebackAfter weeks of underperformance, iShares MSCI India ETF is this week’s best performer, up 0.5% - just ahead of a deep-dive episode with JP next week.Portfolio Snapshot – Week 43:No changes were made to the portfolio this week.📊 Weekly portfolio performance: –2.55%📈 Total return since inception: +20.83%📅 2026 year-to-date return: +8.30%Top Performers:📈 iShares MSCI India ETF: +0.5% WoW📈 Cash: +0.1% WoW📈 iShares UK Gilts 0–5yr ETF: +0.1% WoWUnderperformers:📉 BlackRock World Mining Trust PLC: –10.6% WoW📉 iShares Nikkei 225 ETF: –6.5% WoW📉 iShares Core MSCI EM IMI ETC: –6.3% WoWBig Questions This Week:• Is $400bn in tech capital raises the peak of AI fundraising, or is there more to come?• Will Kevin Warsh’s first Fed meeting signal rate rises or hold the line?• Why is the oil price falling when the Middle East is at its most volatile?• Is the portfolio’s low AI exposure a vulnerability or a hidden strength?• Is India finally turning a corner - or was this week a one-off?What You’ll Learn:✔️ Why good economic news became bad news for markets this week✔️ How $400bn in capital raises is reshaping global equity flows✔️ What Space-X’s IPO means for investors using Nasdaq ETFs✔️ Why the oil price is defying Middle East conflict - and what it signals✔️ How the portfolio’s AI exposure stacks up against global indicesDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  Bitcoin Drops, AI Soars: Is Your Portfolio Ready? 05.06.2026 1h 9min

  📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]🎥 Behind the scenes: _theartofinvesting on TikTok 🎧 Listen on: Apple & YouTubeThis week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are joined by Katy Forbes (CIO at North Capital), bringing over 100 years of combined experience across wealth and hedge fund management to unpack another evolving week in global markets.Markets continue to push higher, driven by relentless AI momentum, but beneath the surface, cracks are beginning to appear. The team explore whether capital is being aggressively reallocated into AI at the expense of other asset classes, why bonds, gold and crypto are struggling, and what this means for the broader investment landscape. With guest insight from a leading wealth manager, the conversation also dives into portfolio construction, bond market risks, and how professionals are navigating this environment.This Week’s Highlights: 📈 Markets Hold Firm Global equities continue to perform, with Japan and emerging markets leading gains.🤖 AI Dominance Continues AI demand remains the key driver of markets, with capital flowing aggressively into the sector.💸 Capital Rotation Intensifies Money is being pulled from crypto, gold, bonds and private markets to fund AI growth.📉 Crypto & Alternatives Under Pressure Bitcoin falls sharply while gold and private equity struggle for momentum.⚠️ Bond Market Concerns Rising issuance and demand for capital raise questions about long-term bond attractiveness.🇮🇳 India Under Scrutiny India continues to lag, prompting discussion around whether to exit the position.Portfolio Snapshot – Week 42:No changes were made to the portfolio this week.Weekly portfolio performance: +0.7%Total return since inception: +23.4%2026 year-to-date return: +10.9%Top Performers:🥇 iShares Nikkei 225 ETF: +4.5% WoW🥈 WisdomTree Copper ETF: +2.8% WoW🥉 BlackRock World Mining Trust PLC: +2.6% WoWUnderperformers:📉 iShares MSCI India ETF: –2.6% WoW📉 iShares Core FTSE 100 ETF: –1.6% WoW📉 Invesco Stoxx Europe 600 UCITS ETF GBP: –1.4% WoWBig Questions This Week: • Is AI pulling capital away from the rest of the market? • Are bonds becoming structurally unattractive? • Is the current AI rally sustainable or overheating? • What’s gone wrong with India’s investment case? • Where should investors look next as capital rotates?What You’ll Learn: ✔️ Why AI is dominating global capital flows ✔️ How portfolio diversification is protecting returns ✔️ The risks facing bonds in today’s environment ✔️ What’s driving weakness in crypto, gold and India ✔️ How professional investors think about asset allocationDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
• 
  How The Semiconductor Super Cycle is Sparking Stocks Surge 29.05.2026 59min

  This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham draw on over 100 years of combined wealth and hedge fund management experience to unpack another powerful week in markets, as equities push to fresh highs despite ongoing geopolitical tension and macro uncertainty.With US markets now climbing for eight consecutive weeks and AI-driven momentum accelerating, the team explore whether this rally still has room to run, how far the semiconductor supercycle can go, and why investors may be underestimating just how broad this market move is becoming.This Week’s Highlights:📈 Markets Keep ClimbingUS equities extended their winning streak to eight consecutive weeks, with the S&P 500, Nasdaq and Dow all hitting fresh all-time highs.🤖 Semiconductor Supercycle AcceleratesAI demand continues to drive explosive growth across chipmakers, with momentum now spreading beyond Nvidia into broader semiconductor names.🌍 Market Breadth ImprovingStrength is no longer limited to mega-cap tech, with the Russell 2000 and equal-weight indices also pushing higher - a positive signal for broader market health.🛢️ Oil Drops, Markets RallyDespite geopolitical tensions, oil prices fell sharply, easing inflation concerns and supporting risk assets globally.🏦 Bonds StabiliseAfter recent volatility, bond markets recovered as yields pulled back, helping to ease pressure on equities.⚖️ AI vs Macro: A Two-Speed MarketThe team debate the growing disconnect between traditional macro-driven markets and the powerful AI-driven growth cycle reshaping global investing.Portfolio Snapshot - Week 41:No changes were made to the portfolio this week.Weekly portfolio performance: +2.4%Total return since inception: +22.7%2026 year-to-date return: +10.2%Top Performers🥇 iShares Nikkei 225 ETF — +5.6% WoW 🥈 iShares Russell 2000 ETF — +5.1% WoW 🥉 iShares Core MSCI EM IMI UCITS ETF — +4.9% WoWUnderperformers📉 iShares MSCI India ETF — +1.8% WoW 📉 WisdomTree Copper ETF — +0.4% WoW 📉 iShares UK Gilts 0–5yr ETF — +0.6% WoWPortfolio Highlights• Strong gains driven by Japan, US small caps and emerging markets• Broadening market leadership beyond mega-cap tech• Falling oil prices and stabilising bonds supported equities• Defensive assets lagged as risk appetite returned• Portfolio continues to benefit from diversified global exposureBig Questions This Week:• How long can the AI-driven rally continue?• Is this still a narrow tech-led move, or a broader bull market?• What happens if bond yields rise again?• Are investors underestimating how dominant AI has become?What You’ll Learn:✔️ Why market leadership is starting to broaden✔️ How AI is driving global equity performance✔️ The relationship between oil, bonds and equities✔️ Why diversification still matters in concentrated markets📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.May Incentives:Transfer CashbackGet up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.Code: TRANSFER5000PODT&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26Free SharesGet £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.Code: MAYSHARESPODT&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26Cashback OfferEarn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.Code: MAYDEPOSITPODT&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26
• 
  SpaceX on Launchpad While Bonds Dampen Risk Sentiment 20.05.2026 55min

  This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham break down a more volatile week in global markets, as rising bond yields, geopolitical tensions and shifting expectations begin to test the strength of the recent rally.With over 100 years of combined experience across wealth and hedge fund management, the team explore whether markets are entering a more uncertain phase, what higher-for-longer rates mean for investors, and why cash is starting to look increasingly attractive in the short term.This Week’s Highlights:📉 Markets Pause After Strong Run After seven consecutive weeks of gains, US equities pulled back as rising bond yields and inflation concerns weighed on sentiment.📊 Bond Yields Surge Globally US 30-year yields hit their highest level since 2007, with similar moves seen across Japan and Europe, putting pressure on risk assets.🛢️ Oil Prices Climb Again Brent crude surged to new highs amid geopolitical tensions, reinforcing inflation concerns and adding further uncertainty to markets.🤖 AI & Earnings Still in Focus Strong earnings continue across tech and AI-driven companies, with Nvidia results expected to be a key catalyst for markets this week.🌍 Global Growth Divergence Japan delivered stronger-than-expected GDP growth, while China data disappointed, highlighting diverging global economic momentum.⚡ The Hidden AI Infrastructure Boom Massive investment into data centres and energy infrastructure continues, with utilities and industrial players positioning for long-term demand.Portfolio Snapshot – Week 46:Weekly portfolio performance: –1.6%Total return since inception: +20.3%2026 year-to-date return: +7.8%Top Performers🥇 iShares MSCI India ETF: +0.6% WoW🥈 Invesco Stoxx Euro 600 UCITS ETF GBP: +0.2% WoW🥉 iShares Core FTSE 100 ETF: +0.1% WoWUnderperformers📉 BlackRock World Mining Trust: –8.2% WoW📉 Wisdom Tree Copper ETF: –4.5% WoW📉 iShares Nikkei 225 ETF: –2.6% WoWBig Questions This Week:• Are rising bond yields the biggest risk to equities right now?• Is this just a healthy pullback or the start of something bigger?• How sustainable is the AI-driven growth story?• Should investors be increasing cash positions in this environment?What You’ll Learn:✔️ Why bond markets are driving global asset prices✔️ How rising yields impact equities and valuations✔️ The role of cash in uncertain markets✔️ Key signals to watch for a potential market shift📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here 📧 Get in touch: [email protected]:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.May Incentives:Transfer CashbackGet up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.Code: TRANSFER5000PODT&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26Free SharesGet £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.Code: MAYSHARESPODT&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26Cashback OfferEarn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.Code: MAYDEPOSITPODT&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26
• 
  Taking Profits on Portfolio as Bonds Sound Alarm Bells 15.05.2026 1h 18min

  This week on The Art of Investing, Rich McDonald joins Mark “Spice” Holden and Chris “CJ” Fellingham, bringing over 100 years of combined experience across wealth and hedge fund management, to unpack another fascinating week in global markets. US equities pushed higher as investors piled back into AI, technology and cyclical trades, while copper and mining stocks extended their rally. The team debate whether markets are becoming too complacent, why copper remains a major long-term investment theme, and whether investors are underestimating ongoing economic risks. This Week’s Highlights: 📈 Markets Continue Higher US equities extended gains as optimism around AI, earnings and future rate cuts continued to support risk assets globally. ⚒️ Copper Leads The Charge Copper and mining-related holdings delivered another strong week as the team revisit the long-term electrification and AI infrastructure story. 🤖 AI Momentum Remains Strong Technology and AI-linked investments continue driving market performance as investors rotate back into growth assets. ⚠️ Are Investors Too Comfortable? The team discuss whether markets are becoming overly optimistic despite ongoing geopolitical and macroeconomic uncertainty. 🇯🇵 Japan Still Performing Japanese equities remained one of the strongest regions within the portfolio as international investors continue increasing exposure. 🪙 Crypto Volatility Returns Crypto and blockchain-linked holdings remained highly reactive as sentiment swings continue across digital assets. Portfolio Snapshot – Week 39: Three positions were trimmed this week, with proceeds moved into cash. The team sold 5% VanEck Crypto ETF, 5% Vanguard FTSE 250, and 5% Xtrackers DAX ETF - raising the portfolio's cash position by 15%. Weekly portfolio performance: +0.5% Total return since inception: +21.9% 2026 year-to-date return: +9.4% Top Performers: 🥇 WisdomTree Copper ETF: +8.5% WoW 🥈 BlackRock World Mining Trust PLC: +7.8% WoW 🥉 iShares Nikkei 225 ETF: +1.6% WoW Underperformers: 📉 iShares MSCI India ETF: –4.6% WoW 📉 Xtrackers DAX ETF: –3.5% WoW 📉 Invesco Stoxx Euro 600 ETF GBP: –1.7% WoW Big Questions This Week: • Is the AI rally overcrowded? • Why is copper such an important long-term theme? • Are markets underpricing economic risks? • Can mining stocks keep outperforming? What You’ll Learn: ✔️ Why copper is linked to AI and electrification ✔️ How sentiment is driving markets ✔️ Why mining stocks remain strong ✔️ Warning signs investors should watch 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here 📧 Get in touch: [email protected] Disclaimer: This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in. May Incentives: Transfer Cashback Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026. Code: TRANSFER5000POD T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26 Free Shares Get £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026. Code: MAYSHARESPOD T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26 Cashback Offer Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026. Code: MAYDEPOSITPOD T&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26