World markets summary:
After a volatile first quarter of 2023, April was relatively becalmed. Stock markets in most regions advanced modestly, led by a surprisingly resilient UK market which…
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Macro
The global economy outperformed pessimistic expectations during the quarter, helped by unseasonably mild weather in the US and Europe. The unexpected and rapid rebound in Chinese activity…
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World markets summary:
March began with the collapse of Silicon Valley Bank (and several smaller US regional banks) as fears of a wider 2008-09 banking crisis rippled through markets,…
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World markets summary:
The month was a tough one for financial assets as a series of surprisingly strong economic data releases in the West, coupled with higher than expected…
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World markets summary:
Financial assets enjoyed a very strong start to the year as investors took heart from increased evidence that inflation is peaking in the West and that…
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Macro
To pivot or not to pivot? That was the question on investor’s lips throughout the third quarter of 2022. It (pivoting) refers to the policy actions of…
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World markets summary:
It was a painful month for investors as asset classes sold off fairly indiscriminately. Correlations between bonds and equities remained high, evidenced by falls of more…
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There has been much for investors to digest in the last few weeks and it would be fair to say a lot has left a sour taste in their…
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Macro
The second quarter took the baton from Q1 and didn’t look back as markets and economic data continued to deteriorate. Peak inflation fear was compounded by the…
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We highlighted in our January commentary that the likelihood of rising interest rates and withdrawal of liquidity could lead to volatility in financial markets. We did not expect…
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