Category: Investment Outlook
A gentle deceleration?
3 August 2018The week has been good US tech giants, not great for Chinese and Hong Kong stocks, and choppy for UK and European companies. Donald Trump upped the ante in the trade war with China; China responded in a measured way that could...
Hot air for a hot summer?
27 July 2018The summer holidays are underway and the silly season (that period where newspaper editors are away and the interns and apprentices are in charge but only allowed to write about pets and the weather) begins next week. This summer...
Earnings are growing, why worry?
20 July 2018Companies across the developed world are reporting their earnings for the second quarter, and forecasts for the rest of the year and, so far, many are backing up Chris’s observations. As of yesterday, JP Morgan reported: Consensus...
Hard Brexit demonstration potential?
13 July 2018What 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 2018It 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 2018A 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 2018The 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 2018From 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 2018One 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 2018It 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...