Category: Investment Outlook
Nervous markets ahead of second pivot
6 September 2024Capital markets have started September rather despondently. It feels similar to (though not nearly as bad as) the sell-off that started in August, after which stock values quickly recovered. There were risks and headwinds back...
Balancing acts
30 August 2024It was a flat week for global stock values, but with a fair amount of dispersion. US returns were once again weighed down by tech, but the UK and Europe are up over 1% at the time of writing. The overall sluggish picture seems...
Late Summer heatwave
23 August 2024Global stocks continued their climb higher until the latter part of this week. The rise up until Wednesday had shown remarkably steady gains in daily terms. When you put that together with gains over the last few weeks, equity...
Market correction turns into pothole
9 August 2024Our sign-off last week was supposed to be cautiously optimistic – predicting a bumpy ride to a decent destination in markets – but friends told us it read a little negatively. Cue the worst daily loss for the S&P 500 in...
Central bank week
2 August 2024It’s been another nervy week for investors. Month-end positioning may have had a part to play in creating ups and downs, but most markets were more focused on interest rate decisions. The Bank of England (BoE) cut, the Bank...
Don’t fear the rebalance
26 July 2024The rough patch for global stocks continues. Equities had a fairly dramatic fall on Wednesday, led yet again by the US large-caps. Wednesday saw both the S&P 500 and the Nasdaq experiencing their worst single-day losses since...
Shock, rotation, growth
19 July 2024It has been an astounding week. Capital markets took the attempted assassination of Donald Trump as practical confirmation of his victory in the upcoming presidential election. Equities moved to price in his expected agenda of...
Lower inflation, less profits?
12 July 2024It has been an interesting week in capital markets. Global stocks are a nudge above where they were last Friday in aggregate, but this hides a great deal of variation. There was a steady climb early in the week, led once again...
New government, same economy
5 July 2024Keir Starmer was not wrong when he called this an historic victory. It is the Labour party’s first election win since 2005, ending 14 years of Conservative rule and handing the latter party its worst ever defeat. The results...
The business of politics, politics without policy
28 June 2024This Friday marks the end of the second quarter and the day after the first, and for Biden disastrous, televised debate of the 2024 US Presidential election – yet markets have been reasonably calm. Large institutional investors...