Ominous US-Dollar strength

17 November 2019

The unprecedented events unfolding in UK politics this week will have distracted many UK investors from developments in the wider world. But those global developments may well carry far greater significance for near-term return...

Diverging economic trends – catalyst for trade war resolution?

9 November 2019

We know from conversations with some of our portfolio investors and financial advisers that the investing UK public is currently almost entirely focused on every twist and turn of the Brexit drama. However, with the ‘back-stops’...

Market sentiment rebound

1 November 2019

We wrote that equity markets would need to see an improvement in global economic growth if they were to move higher. So, it was typical commentator’s curse that this week saw a rise in equities all over the world, despite no...

Stall Speed Economy Fears Spreading

23 October 2019

Once again, politics took our breath away during this first week of October. (more…)

Choppy water but no storm, yet

6 September 2019

The week has, yet again, felt tumultuous. The government’s Brexit strategy has been halted in its tracks by a miscalculation of the official opposition and internal Conservative Party opposition. Many commentators were also...

Fattening ‘tails’

30 August 2019

It does not happen often that market-moving news emerges after we have finished writing The Tatton Weekly. Last week proved to be an exception. Having just commented on how politics and the prospect of fiscal easing by US and...

Populism politics reversing austerity?

23 August 2019

Following last week’s excitement over the yield curve inversions in the US and UK – which have been powerful recession predictors in the past – this week saw the return of calmer capital markets. World stock markets have...

Market spat between bond and equity markets

16 August 2019

Last week, we suggested that the recent market pullback (down, then up to almost recovered) is unlikely to be the end of this bout of market volatility. Sure enough, markets became even more volatile over this week, despite the...

Bond markets unnerve equity markets – again

9 August 2019

We have repeatedly commented on these pages that the good mood in asset markets this year is more to do with central bank policy than a positive backdrop of the real economy. With poor economic fundamentals, central banks will...

The Elephant and the Little Old Lady: A tale of two Central Banks

2 August 2019

It was the best of times, it was the worst of times. Dickens’ immortal line roughly sums up the differing actions of two of the world’s major central banks this week. In the US, the Federal Reserve looked at a stable and growing...