Market Monitor – June 2021

July 7th, 2021, by Chris Davis

Global equities rose 2.3% in June as Growth and Quality styles led the market higher (Value outperformed in the previous 6 months). The easing of Covid-19 restrictions in developed markets has led to a rise in demand which supply is… Read More…

Economic Commentary – May 2021

June 2nd, 2021, by Chris Davis

An accident waiting to happen The global growth outlook remains set for a period of synchronised global expansion through the second half of 2021 and into 2022. As the recovery strengthens, the key topic of conversation in company earnings calls… Read More…

Market Monitor – Mar 2021

April 8th, 2021, by Chris Davis

Global equities rose and Government Bond prices fell during March as investors continued to adapt to higher growth and inflation expectations. The global economy was reinforced by President Biden’s $1.9tn stimulus package and the announcement of a further multi-trillion infrastructure… Read More…

Market Monitor – Feb 2021

March 8th, 2021, by Chris Davis

February saw investors start to discount the probability of a deflationary outlook in 2021/2022 and price in a more inflationary one. Fixed income and long duration assets suffered as a result; the US 10-year Bond yield moved from a low… Read More…

Economic Commentary – Feb 2021

February 9th, 2021, by Chris Davis

Future’s Bright It has been an eventful and fast-moving start to the new year. Where countries have access to Covid-19 vaccinations, they have been delivered at speed. In the UK at least a third of the adult population has been… Read More…

Market Monitor – Jan 2021

February 8th, 2021, by Chris Davis

Global equity markets took a step back in January following strong gains in the previous two months, with the MSCI World declining -0.8% over the month. Caution and uncertainty gathered pace through the month about the pace of various inoculation… Read More…

Economic Commentary – Jan 2021

February 3rd, 2021, by Chris Davis

There’s been some speculation At the start of 2020 the economy was set up for a year of synchronised growth. Thoughts of any growth were put aside as the Covid-19 pandemic caused the worst recession since the Great Depression. The… Read More…

Market Monitor – Dec 2020

January 8th, 2021, by Chris Davis

Markets continued their positive momentum during December completing a strong fourth quarter and recovery from the depths of the crisis in March this year. The MSCI World index grew 3.5% over the month, with strong returns from Asia, Small cap… Read More…

Economic Commentary – Dec 2020

December 21st, 2020, by Chris Davis

When will those dark clouds all disappear After a tumultuous year of geo-political, political and economic change global growth has slowed to its lowest annual rate since the financial crisis. Growth slowing to 3% and a benign inflationary environment provided… Read More…

Market Monitor – Nov 2020

December 3rd, 2020, by Chris Davis

Global Equity markets have had a very strong November. The UK FTSE 100 index rose 12.7% and the MSCI World grew 12% over the month following the results of the US election and announcements of multiple Covid-19 vaccines. However, both… Read More…

Economic Commentary – Nov 2020

December 1st, 2020, by Chris Davis

Change of Heart Pt. 2 After the uncertainty of October, November saw confidence return to markets following the US presidential election and the announcement of a number of viable coronavirus vaccines. Relief and a new direction Whilst Joe Biden’s victory… Read More…

Market Monitor – Oct 2020

November 3rd, 2020, by Chris Davis

After a strong start to October equities sold off in the second half of the month led by European markets, the Oil price and ‘Quality’ companies. Concerns over a second Coronavirus wave were realised during the month, with record daily… Read More…

Economic Commentary – Oct 2020

October 30th, 2020, by Chris Davis

Tug of war The global economy has maintained its recovery from the depths of the worst recession since WWII; however, we have not recovered to pre-crisis levels, and the outlook remains uncertain. The global daily Covid-19 case count rose steadily… Read More…

Market Monitor – Sept 2020

October 5th, 2020, by Chris Davis

Downside volatility returned to markets in September, with concerns over a second Coronavirus wave in Europe, a US presidential election looming and a bifurcated market resulting in global equities falling 2.9% over the month. European governments have reintroduced lockdown measures… Read More…

Economic Commentary – Sept 2020

September 18th, 2020, by Chris Davis

There’s something going on that’s not quite right The summer has been positive for risk markets, as the decoupling between the global economy and financial markets continues. US equity markets have continued serenely and aggressively to ever higher highs. However,… Read More…