Market support for Trump or unwarranted equanimity?

17 May 2019

A little over one week into the escalation of the US-China trade wars, stock markets have calmed and even made a partial recovery from last week’s sell-off. Globally, stock markets are now trading around 3.5% below their highs,...

Geopolitics re-enter market stage

10 May 2019

Just as markets were trying to prove that they have regained some rational balance when they shrugged off central banks’ rejection of further monetary support, geopolitical tensions returned with vengeance. Perhaps it was naïve...

Central banks disappoint expectations

3 May 2019

Last week we wrote that stock markets faced being challenged by the decline of a number of stimulating aspects that had been regularly named as the drivers of the 2019 recovery. The most crucial one being central banks’ assurances...

Waning market stimuli put stock markets on notice

26 April 2019

A pleasant Easter break has been followed by new highs for US equity indices. And yet, it has been a less comfortable week for professional investors. The tailwinds blowing the 2019 stock market bounce-back are waning. Rebounding...

Spring time from here?

18 April 2019

It is quite incredible how much investor sentiment has changed over the past 4 months. At Christmas, equity markets had suffered a decline from their September highs, which had many market commentators suggesting that the end...

Brexit in-limbo aside, sentiment is improving

12 April 2019

Even though our prediction that Brexit would neither happen on 29 March nor 12 April has turned into reality, there seems little point in celebrating. Yes, the immediate threat of a cycle-ending shock event to the pan-European...

Choppy bull market

8 April 2019

Frustrating political divisions have drowned out the 10th anniversary of what many have called the most unloved equity bull market in history. Broad based equity market investors (those who held their nerve) have enjoyed annualised...

29 March 2019 – quarter end

1 April 2019

The vexed date has come and gone, as we had suggested, but not quite in the manner we had expected. While the population widely blames Parliament and the political class in general for the Brexit execution debacle, MPs are just...

Brinkmanship and extensions

25 March 2019

Every few months, I spend a few days of the week travelling across the UK with Tatton’s relationship management team updating regional gatherings of financial advisers. This time around, it was not surprising to find most of...

Bits & pieces

15 March 2019

The febrile state of UK politics and its journalists might get you thinking that the UK markets were expiring as fast as the Brexit deadline. Certainly, there’s been a bit of to-ing and fro-ing in the currency market although...