Category: Investment Outlook
The slowdown never comes
15 August 2025The good times keep coming for global stocks. This week, markets’ optimism was backed up by a fundamentally bullish outlook – the continued improvement of corporate earnings expectations in almost all major markets. And, with...
Busy going nowhere
4 August 2025This has been one of the busiest weeks for potentially market moving information in a long time. We’ll start with market moves and see what that tells us about the way in which the information has added up, and what are currently...
The Meme Generation
25 July 2025This week has had lots of quite important information but no single aspect has dominated. Equity markets are higher again, bond yields are stable and companies tell us that, on balance, things are difficult but okay. US retail...
Higher and higher
18 July 2025Markets keep rising steadily and gently, on an incoming tide of liquidity. Investors appear to have plenty of cash and are happy to deploy it into risk assets, largely thanks to expectations of interest rate cuts. Both intraday...
Markets bask in the sunshine
8 July 2025Sunshine and all-time highs this week. US stocks started their 4th of July holiday in fine spirits. Encouragingly, smaller and mid-cap American companies have outperformed the ‘Magnificent Seven’ tech stocks over the last...
Markets recalibrate to Trump 2.0
1 July 2025What a week. No sooner had the US shocked the world by bombing Iran’s nuclear facilities than President Trump declared a ceasefire and subsequent end of the Israel-Iran war. More astonishing still was that the Israeli and Iranian...
The risks are real – but priced in
27 June 2025We have, unsurprisingly, had a bit of a down week. The Israel-Iran war has pushed up oil prices about 4%, with a slight knock to equities. The ‘safe haven’ dollar has risen but only slightly, up 0.5% against a stable sterling....
Calm but not comfortable
16 June 2025This week’s political events did not disturb markets until Israel’s military action on Iran on Friday morning. Even then, the reactions were relatively muted. In the days prior, Brent crude oil rose from $66 per barrel to...
Summer starts with less spring
6 June 2025This week, a number of the world’s stock markets edged closer to all-time highs. Thursday’s Musk-Trump spat weighed on Tesla shares, though, and therefore the US’ S&P 500 (and the ‘Magnificent Seven’ tech stocks...
Complacency or checks and balances?
1 June 2025Last week’s pullback proved to be just a blip in the impressive stock market recovery. On tariffs, markets were buoyed in the early part of the week by the notion of the so-called “TACO trade” (Trump Always Chickens Out)...