Latest news.
A double edged sword
4 March 2022During the course of this week, the impacts of the war on global financial assets changed in nature. Last week, we wrote that minor sanctions were a help for asset prices even if the sanctions did not match the level of outrage....
Back to the past
25 February 2022Last Friday we pointed out that when geopolitics are as fluid as they are now, much can change over a weekend. As it happened, it was not the weekend that marked a big shift in the geopolitical landscape, but the Thursday that...
Special market update: Putin’s recognition of Donbas
22 February 2022Russia’s aggression towards Ukraine reached a new level overnight after Russia’s president Putin officially recognised the two self-proclaimed separatist ‘republics’ in Ukraine’s Donbas region. Most importantly, he ordered...
Special market update: Russian intimidation of Ukraine
16 February 2022From our phone calls and conversations we have with adviser firms, we know portfolio investors are concerned that the fear of Russia invading Ukraine is driving, at least in part, the poor start to the year experienced by capital...
Investment climate change
11 February 2022Stock markets around the world continued their volatile trading pattern over the past week, although compared with January, trending slightly up rather than down. Bond markets, on the other hand, continued to retreat as yields...
The Lagarde pivot hits insecure markets
4 February 2022We made the case last month that we disagree with the market maxim that “How January goes, so goes the year”, at least for 2022. After a disappointing January for investors (see our January market review), February made a...