Macro
Quarter three has been encapsulated by slowing global economic data with all of the US, China and Europe participating. Even the UK, which had been experiencing the best momentum…
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World Market Summary
The Federal Reserve commenced its interest rate cutting cycle with a pre-emptive 0.5% move after declaring its war on inflation over, whilst the real wars in Europe…
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World Market Summary
Markets were unsettled at the start of the month leading to the volatility index, the VIX, having its largest ever intraday increase on the day coined “Black…
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World Market Summary
In most respects for investors, July was the polar opposite of June in that small-caps led, the dollar weakened and mega-cap technology lagged. The yen wiping out…
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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. As…
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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 continental…
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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, with…
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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 interest…
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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). Overall,…
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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 inflation…
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