He added: “These advancements move the ‘internet of things’ firmly into the mainstream and could lead to the sort of rapid acceleration of adoption that was seen with smartphones. The ability to monitor an elderly relative or a second home remotely is the sort of genuine benefit that can lead to rapid adoption.”
One tipping point which may have already passed is the move from disinflation to reflation as the latter’s story “has a way to run yet if it proves to be the case” and said: “Related to this there has been a slew of recent commentary arguing that the 30-year bull market in bonds has ended which is consistent with the end of disinflation.
“If so, this would mark a huge tipping point away from a world which has persisted throughout most professional investors’ careers.”