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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What is happening with inflation?
In the UK, the annual rate of inflation increased to 7% in March, constituting the highest level seen since 1992. The main drivers of this…
Macro
In our last commentary we stated that Central banks in the west had taken the first baby steps towards normalisation of interest rates. Whilst the actual moves…
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Summary
The banks had a strong performance in 2021 and are on the path to similar results in 2022. In 2021, the S&P Regional Bank Index was…
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FOR INFORMATION PURPOSES ONLY
The media is currently being dominated by the geopolitical crisis in Ukraine so I thought it opportune to share our thoughts on what has…
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Macro
Well it’s begun. The first baby steps on the path towards normalisation of monetary policy in the West, that were not even considered a possibility last January,…
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My weekend away has not had the most relaxing of starts!
I suggest we stay calm and keep things in perspective.
Volumes and liquidity within markets had…
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