Category: Investment Outlook
Reading Trump’s tea leaves
15 November 2024It was an up and down week for global stocks. Markets initially showed confidence in Donald Trump’s tax cut and deregulation agenda – but pulled back when Federal Reserve chair Jay Powell suggested interest rate cuts might...
Known winner, unknown outcomes
8 November 2024For the sake of investors, we hoped for a quickly resolved US election, and we got one. Capital markets responded well to Donald Trump’s surprisingly decisive win, with US stocks rallying from Wednesday on. Investors deemed...
US, not UK battening down the hatches
1 November 2024Rachel Reeves’ autumn budget dominated the UK news this week, but global investors were yet again preoccupied with the US election. Both created market jitters for UK investors, culminating in a noticeable fall in global stock...
Markets in brace position
25 October 2024Capital markets feel more tense than at any point since the beginning of September. Global stocks have sold off slightly this week, but without sharp moves. It would be wrong to say that investors are fearful. In general, the...
Focus returns to stock market fundamentals
18 October 2024Capital markets quietened down this week. Global stocks are up from a week ago, and there is a sense that anxieties are fading. Risks and uncertainties have not gone away completely, but their short-term impacts on risk assets...
Buy the rumour, sell the fact
11 October 2024For a week with so many competing market narratives, global stocks were fairly stable. However, the S&P 500 continues to hit new highs and is doing so as we write. Broadly, US equities were stronger despite higher than expected...
Why are markets so calm?
4 October 2024Raised tensions in the Middle East have dominated the headlines this week. Capital markets are obviously not the most humanly important consideration in this situation, but our job as investment managers is to think about how...
Global growth tailwinds
27 September 2024Rarely do non-US stories dominate global capital markets as much as this week. China announced a double shot of economic stimulus that surprised most – and Chinese stocks surged in response. European equities, particularly luxury...
Central bank Pivot 2.0
20 September 2024Central banks dominated the narrative this week. The US Federal Reserve’s (Fed) 50 basis point cut to interest rates was by far the biggest market news, surprising some who expected a smaller move. Investors took the news well,...
Market fears fading
13 September 2024Capital markets picked themselves up this week. Global stocks are up, recovering well from a tough start to September. At the time of writing, not all of last week’s losses have been recovered, but markets seem to breathe a...