If the previous cycle was defined by infrastructure projects, this second version of cyclical recovery focuses more on computer chips that are powering the world around us

Five years on from the Brexit vote in June 2016, the UK has seen three prime ministers, a global health crisis, a divorce from the EU and unprecedented fiscal and monetary intervention which has impacted all asset classes.

For many people, the COVID-19 crisis of 2020/21 has been a wake-up call, making them realize that our existing economic system needs a thorough overhaul. Now that we are tentatively emerging from the pandemic, we can provisionally take stock of where...