Delicate equilibrium

8 June 2018

One week after Italy’s disruptive reminder that capital markets are still quite sensitive to the wrong sort of news, equity and bond markets returned to much quieter waters. Italian bond yields remain more elevated compared...

Ignore politics at your peril

1 June 2018

It has been one of the more unnerving weeks in financial markets and judging by some of the questions from advisers and clients, the media was effective in using the commotions to sell copy through exaggeration. While new puns...

GDPR? No – far more interesting news!

25 May 2018

I suspect most will remember this 4th week in May of 2018 as GDPR email madness week. For us and investors the week had far more interesting aspects than businesses turning data protection into a Y2K déjà vu. Politicians...

What’s the economic reality of this week’s news?

18 May 2018

On Wednesday it was revealed that wage growth in the UK has outpaced inflation once again, a headline grabbing event, but has is it an indicator of a real trend in the UK and does a potential move in the inflationary environment...

Batten-down-the-hatches?

11 May 2018

We recently received a number of questions from investors on whether we thought the economic and capital market cycle is coming to an end. Basically, is it time to ‘batten down the hatches’? The UK’s uncertain post Brexit...

Past the peak?

4 May 2018

We wrote last week how we observe that – after the recent correction - stock markets now appear to have entered a consolidation phase, expressed by an unwillingness to rally despite daily announcements of exceptionally strong...

Confusing signals?

27 April 2018

We are now over 90 days into this stock market correction and market action over the past week must have enforced the view of many lay investors that understanding what makes them rise and fall is beyond rational consideration....

A mixture of messages

20 April 2018

As a youngster, our mum would occasionally treat us with a bag of “pick-n-mix” from the sweets counter at the old Woolworths. I say treat; we didn’t get to choose. I loved jelly babies, but the liquorice all-sorts were horrible....

Peaking, plateauing or dimming – and how about that war?

13 April 2018

Considering the sheer volume of geopolitical war talk, it might seem surprising that stock markets ended the week up, not down. The reason for this is most likely that the probabilities for an actual trade war between the US and...

Could do better?

6 April 2018

April and the second quarter of 2018 carried on exactly where March and Q1 had finished – volatile. The financial media made a big story out of the fact that markets had not opened the second quarter as poorly since 1929 - mostly...