Category: Investment Outlook
Change in the air
14 October 2022It is not often that market action in the UK capital market moves the global capital market dial, given our domestic stock market comprises just 3.1% of the global total and 4.1% of the global total government bond market. However,...
Reading the runes of this week’s market bounce
7 October 2022Market volatility has been in the air all year and given the macroeconomic backdrop this is not at all surprising. A weakening global economy marred by war and labour market-driven supply squeezes, while simultaneously trying...
Loss of trust
30 September 2022This week provided the evidence for the fragility of capital markets as they grapple with the strain of transitioning from an ultra-low interest rate environment back to the one we knew before the global financial crisis of 2008....
The Fed at work and China snubs Putin
16 September 2022The period of mourning for Queen Elizabeth II continues amid truly touching scenes. Our Chief Economist’s walk from Rotherhithe to the Tatton office follows the path of the waiting line for the Queen’s “Lying-in-State”....
The end of eras
9 September 2022With great sadness, we pass from the second Elizabethan age. Our Queen was a constant during this period of intensely rapid change. Across the political spectrum, we can acknowledge her ceaseless responsibility to her people....
Waiting for policy action
2 September 2022The summer is nearing its end and with it the return of the more typical English late summer climes. It may feel as if markets have taken a hint with their 5-day downdraft until Thursday, although most outsiders will look at the...
Delicate equilibrium
26 August 2022All eyes are on the world’s central bankers this week, who are guests of the US Federal Reserve (Fed) at its annual conference in Jackson Hole, Wyoming. Markets are particularly eager to hear what Fed chair Jay Powell has to...
Hot now, colder later
19 August 2022Will a new PM be good news for investors? We rarely talk about UK politics in our deliberations on markets. That’s not because we’re not interested. Rather, it is because domestic politics have less of an effect on the broader...
Fear of missing out
12 August 2022Investors are feeling FOMO: the “fear of missing out” once again. This week was a continuation of the trend from the start of July – which has seen a significant boost to both bond and equity markets. Curiously, the good...
Markets bet on a perfect landing
5 August 2022Bad news filled the airwaves this week. Faltering global growth, higher inflation forecasts and rising interest rates set a dour tone – capped off by a geopolitical crisis in Taiwan. UK investors were struck by the Bank of England’s...