Category: Investment Outlook
Support balances increasing strains – for how long?
26 June 2020The consolidation in stock markets continues. After a brief sell-off at the beginning of the week, capital markets staged a recovery to leave things almost unchanged from a week ago. All in all, markets are now just slightly above...
A new normal
19 June 2020After a wobble last week, capital markets have stabilised again. Global stock markets have not quite regained their previous highs, but seem to have found a level, trading sideways since Tuesday. For onlookers though, risk asset...
Stock markets suffer altitude sickness
12 June 2020Reading the news seems much more complicated these days. Our friend and old colleague, Rob Martorana, has lived and worked in New York all his life. An excellent portfolio manager and great thinker about investments, Rob has written...
Markets are enjoying an uncomfortably good pandemic
5 June 2020May 2020 will be remembered for many things. For most of the world, it was when lockdown measures began to ease and people filtered back out into the sunshine for the first time in weeks. It was also when the size of the economic...
Big trouble in big China
22 May 2020Over the past week, it felt as if the new normal of enforced idleness paired with less stringent lockdown rules and summer weather would lead to a happier mood across Western Europe, including the UK. The same applied for investors,...
US-China Cold war: Threat or blessing?
15 May 2020Halfway through May and stock markets have continued to deviate markedly from the classic bear market pattern described in “The anatomy of a bear market” in The Tatton Weekly of 27 March (see graph on next page). What looked...
Phase II kick-off – from staying home to staying safe
7 May 2020This has been a short week for most regions. Tomorrow’s VE day holiday here in the UK was labelled “Victory in Europe” in 1945, and marked the huge victory against the forces of tyranny and isolating nationalism. We know...
Lock-down, Open-up
1 May 2020In April, the virus ended the lives of over 190,000 people across the world. Of those, 13% were in the United Kingdom, nearly 25,000. The UK has been one of the worst affected countries during this pandemic. The US has suffered...
Trial and error
24 April 2020After making a cameo appearance in the build-up to March’s COVID-19 market crash, this week saw oil return in dramatic fashion to reclaim the spotlight. This time the performance veered almost into parody, with the oil price...
Lifting lockdown remains a delicate balancing act
17 April 2020The post-Easter week brought continued relief for long-term investors, with a consolidation of the recovery from previous weeks followed by reacceleration towards the end of the week. That said, the continued strength of markets...