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More and more loose ends
22 November 2024We are getting to that time of year when investment houses like us write their annual market outlooks. That is easier to do if the loose threads wrap themselves up before Christmas, but right now the opposite is happening. Uncertainty...
Reading Trump’s tea leaves
15 November 2024It was an up and down week for global stocks. Markets initially showed confidence in Donald Trump’s tax cut and deregulation agenda – but pulled back when Federal Reserve chair Jay Powell suggested interest rate cuts might...
Known winner, unknown outcomes
8 November 2024For the sake of investors, we hoped for a quickly resolved US election, and we got one. Capital markets responded well to Donald Trump’s surprisingly decisive win, with US stocks rallying from Wednesday on. Investors deemed...
US, not UK battening down the hatches
1 November 2024Rachel Reeves’ autumn budget dominated the UK news this week, but global investors were yet again preoccupied with the US election. Both created market jitters for UK investors, culminating in a noticeable fall in global stock...
Markets in brace position
25 October 2024Capital markets feel more tense than at any point since the beginning of September. Global stocks have sold off slightly this week, but without sharp moves. It would be wrong to say that investors are fearful. In general, the...
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...