Category: Investment Outlook
Predicaments
30 November 2018As November draws to a close, global stock markets have provided a positive last week to an otherwise bleak month for investors. And as it stands, it is not just October and November but the whole of 2018 that has turned into...
Muted replay of 2015 or end of cycle approaching 2019?
23 November 2018It certainly helped nerves this week that the US was distracted by their Thanksgiving celebrations and politics in the UK calmed down, after the Eurosceptic Tory rebels’ spectacular failure to deliver on last week’s promise...
Brexit drama vs. renewed global slow down fears
16 November 2018It has undeniably been the most unnerving week in UK politics since the week following the Brexit referendum, when the British electorate unexpectedly rejected the EU status quo. Representatives of both sides have finally agreed...
The American people have spoken
9 November 2018It struck me this week how full of historic events the first weeks of November are. Guy Fawkes’ gun powder plot (1605), the end of WWI (1918), The German Revolution of 1918 – abdication of Kaiser Wilhelm II, the Reichskristallnacht...
Good-bye cathartic October
2 November 2018What a difference one month can make. At the end of September, one of the biggest conundrums of 2018 was the divergence of stock market returns between the US (strongly positive) and the rest of the world (flat). October's stock...
Stock markets suffer liquidity squeeze
26 October 2018During the recovery from February’s stock market correction, we wrote on these pages that the upsurge in equities – particularly in the US – felt a little uncomfortable. This was because the correction had not followed the...
Complicated picture suggests taking a step back
19 October 2018The global equity market sell-off calmed this week, even though the predicted bounce back petered out sooner than most had expected with selling pressures already returning mid-week. This left stock markets roughly where they...
Autopsy of a stock market sell-off
15 October 2018Last week, we wondered why stock markets had not reacted more negatively to the latest upward wave of bond yields, when this had led to a formidable stock market correction back in February. As it turned out over the course of...
A bond market sell off & our Brexit view
5 October 2018Having written only last week that Trump's trade wars may prove a bizarrely supportive factor towards safely unwinding overvalued bond markets, I feel as if I provoked bond markets to prove me wrong. Amongst the other news stories,...
Poor politics containing bond market risks?
1 October 2018As September and Q3/2018 drew to a close, investors enjoyed a second consecutive week of positive returns, ending the period not only with positive returns overall, but also in an uptrend. This must have been all the more confusing...