Category: Investment Outlook
Taking a step back to look forward
18 September 2020Stock markets have stabilised and started trading sideways, in a sign of healthy consolidation following their extraordinary recovery rally since late March. Notably, the darlings of the recovery, namely US large cap tech and...
Frictions and contradictions
11 September 2020September has ended what now feels like a ‘goldilocks’ summer for investors, and political, societal and capital market frictions have returned to the stage with a bang. However, the fact that stock markets have not simply...
Market dynamic of a K-shaped recovery
4 September 2020Markets’ summer holidays are over. Throughout August, risk assets made some impressive gains, while the global economy remained in its deepest ever recession. After equities were then catapulted to eye-watering valuation levels,...
Big tech gets bigger while the Fed takes the easy option
28 August 2020In a week where Donald Trump kicked off his re-election campaign in earnest, global investors showed it is indeed “America first”. US equities continue to push at all-time highs, having recovered everything lost in March’s...
COVID II the sequel – as scary as the original?
14 August 2020The pleasures, and then increasing discomfort, of the UK’s unusually broiling August weather offered a welcome distraction from the seemingly never ending COVID news flow of gloominess. As the heatwave came to an end with a...
Summer sunshine beckons, but politics still casts a long shadow
31 July 2020As July ends with stifling temperatures, thoughts can turn to the month ahead. August capital markets can be either quiet or decidedly choppy. As investors go on their summer holidays, daily trade volumes decline and liquidity...
PPE = Politics, Pressure and Economics
27 July 2020In this delicate economic and financial environment, the world of politics can have a big impact on capital markets. This week, we saw both heads of that political beast, with news stories first buoying and then bruising market...
Discomfort of disappearing safety nets
17 July 2020The summer season has started in earnest and yet, unsurprisingly, this year everything feels different. Most of us are relieved restrictions are easing, meaning we can go about our lives more like how we were used to until a few...
Fast and freewheeling – markets move as economies slow
10 July 2020As they have for most of the year, pandemic developments dominated the economic news flow this week. Though restrictions continue to ease here and in Europe, the virus is now spreading at a quickening pace in the US, from the...
H1 2020 offers meaningful lessons
3 July 2020So we begin the second half of 2020, leaving behind us two of the most extraordinary calendar quarters in history. But the difference in experience from an investment perspective versus the general public and most of the economy...