Macro
Investors were given reasons during Q1 to believe in a Goldilocks scenario, one in which inflation and economic growth are neither ‘too hot’ (strong) or ‘too cold’ (weak). Overall,…
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World Markets Summary:
March was a strong month for financial assets as positive returns were widespread across bonds, equities and commodities. Hopes for a “Goldilocks” outcome where growth and inflation…
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World Markets Summary:
Equities and bonds went their separate ways in February as the former produced strong returns with only a few exceptions. Bond yields outside of China backed up…
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World Markets Summary:
January’s equity market performance has historically been consistently strong, to the extent that the term ‘January Effect’ has been coined for this anomaly. However, the strength of…
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Overview
Not only did Santa arrive this December but more importantly for financial markets, so did Goldilocks, or at least the expectation she would appear in the not too distant…
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World Markets Summary:
November’s rally provided some much needed relief across developed market equities on the back of better-than-expected inflation data, firstly in the US and then the UK. Western…
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World Markets Summary:
It was the third tough month in a row for financial assets in October 2023 as investors reacted negatively to stronger US economic growth, “higher for longer”…
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Macro
Quarter three (Q3) 2023 saw a marked disparity in economic momentum. Japan and the US generally performed above expectations whilst Continental Europe and China clearly decelerated and in the…
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World Markets Summary:
September, often a tough month in financial markets, once again proved to be a tricky month for markets. Equity market volatility, as measured by the Volatility Index…
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World markets summary:
In what was a volatile month, very few asset classes provided positive returns in August, with the exception of oil. August is a notoriously tricky month for…
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