Macro
Quarter 2 started with US employment numbers, retail sales and Consumer Price Index (CPI) inflation data coming in higher than expected. However, all abated as the quarter progressed.…
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World Market Summary
US equities, Asian equities (excluding China) and government bonds all delivered positive returns in the month whilst political concerns contributed to a fall in UK and…
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World Market Summary
In May, generally weaker data on US economic growth and inflation enabled financial markets in the west to bounce back strongly from the April sell off,…
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World Markets Summary:
Equity markets, particularly the US, gave back some of their recent gains as higher-than-expected inflation and generally stronger economic data combined to temper expectations for rapid…
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Macro
Investors were given reasons during Q1 to believe in a Goldilocks scenario, one in which inflation and economic growth are neither ‘too hot’ (strong) or ‘too cold’ (weak).…
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World Markets Summary:
March was a strong month for financial assets as positive returns were widespread across bonds, equities and commodities. Hopes for a “Goldilocks” outcome where growth and…
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World Markets Summary:
Equities and bonds went their separate ways in February as the former produced strong returns with only a few exceptions. Bond yields outside of China backed…
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World Markets Summary:
January’s equity market performance has historically been consistently strong, to the extent that the term ‘January Effect’ has been coined for this anomaly. However, the strength…
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Overview
Not only did Santa arrive this December but more importantly for financial markets, so did Goldilocks, or at least the expectation she would appear in the not too…
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Review of 2023
The year gone was another one in which investors had to hold their nerve as a number of Macroeconomic, Geopolitical and Industry events unfolded, each with…
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