Hard Brexit demonstration potential?

13 July 2018

What a week of drama and upset! For all the drama in the football, the political and global economic side were even more dramatic – at least from an investment managers’ point of view. It was suggested last week that the...

It is getting hot

6 July 2018

It was a week with two faces – strong economic data across the developed world on the one side and disruptive political rhetoric on the other. Donald Trump’s administration imposed tariffs of 25% on $34 billion worth of Chinese...

Digesting or consolidating?

29 June 2018

A lot of digesting of changed realities seemed to be going on over the course of the week, and that is even before we start to talk football – which for obvious reasons I will refrain from! Despite a lack of market-moving...

Fragile recovery

22 June 2018

The stock market correction of February and March already feels a long time away and most investors with globally diversified multi asset portfolios should by now have seen a return of positive returns for 2018. Despite the more...

No Surprises

11 June 2018

From last week's perspective - and in terms of what we wrote then - this week bore little in terms of surprises. The US' central bank, the Federal Reserve, raised rates by 0.25% for the 2nd time this year to 2%, which felt entirely...

Delicate equilibrium

8 June 2018

One week after Italy’s disruptive reminder that capital markets are still quite sensitive to the wrong sort of news, equity and bond markets returned to much quieter waters. Italian bond yields remain more elevated compared...

Ignore politics at your peril

1 June 2018

It has been one of the more unnerving weeks in financial markets and judging by some of the questions from advisers and clients, the media was effective in using the commotions to sell copy through exaggeration. While new puns...

GDPR? No – far more interesting news!

25 May 2018

I suspect most will remember this 4th week in May of 2018 as GDPR email madness week. For us and investors the week had far more interesting aspects than businesses turning data protection into a Y2K déjà vu. Politicians...

What’s the economic reality of this week’s news?

18 May 2018

On Wednesday it was revealed that wage growth in the UK has outpaced inflation once again, a headline grabbing event, but has is it an indicator of a real trend in the UK and does a potential move in the inflationary environment...

Batten-down-the-hatches?

11 May 2018

We recently received a number of questions from investors on whether we thought the economic and capital market cycle is coming to an end. Basically, is it time to ‘batten down the hatches’? The UK’s uncertain post Brexit...