How to escape market Groundhog Day

George Renouf, director of investment strategy at Alliance Trust Asset Management, looks at how investors can navigate political wrangling and backward-looking economic statistics.

The markets obsession for waiting on the next key political deadline or economic data point is, at best, frustrating. If we think any crisis can be averted or trend established by a single announcement, we should restrict our investment strategy to buying lottery tickets. The consequence of this deferral strategy is that it drags us into the realms of Waiting for Godot. For those not familiar with the Beckett tragicomedy,  what strikes me most are the parallels between the play and how much time the market waits for something not to happen. Over the years there have been numerous product...