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Focus returns to stock market fundamentals
18 October 2024Capital markets quietened down this week. Global stocks are up from a week ago, and there is a sense that anxieties are fading. Risks and uncertainties have not gone away completely, but their short-term impacts on risk assets...
Buy the rumour, sell the fact
11 October 2024For a week with so many competing market narratives, global stocks were fairly stable. However, the S&P 500 continues to hit new highs and is doing so as we write. Broadly, US equities were stronger despite higher than expected...
Why are markets so calm?
4 October 2024Raised tensions in the Middle East have dominated the headlines this week. Capital markets are obviously not the most humanly important consideration in this situation, but our job as investment managers is to think about how...
Global growth tailwinds
27 September 2024Rarely do non-US stories dominate global capital markets as much as this week. China announced a double shot of economic stimulus that surprised most – and Chinese stocks surged in response. European equities, particularly luxury...
Central bank Pivot 2.0
20 September 2024Central banks dominated the narrative this week. The US Federal Reserve’s (Fed) 50 basis point cut to interest rates was by far the biggest market news, surprising some who expected a smaller move. Investors took the news well,...
Market fears fading
13 September 2024Capital markets picked themselves up this week. Global stocks are up, recovering well from a tough start to September. At the time of writing, not all of last week’s losses have been recovered, but markets seem to breathe a...