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…

It’s lonely out in space After the enforced inactivity of the spring there are signs of an economic recovery as lockdown measures are lifted and social distancing relaxed. These measures have also allowed the Coronavirus to re-emerge. The number of… Read More…

US GDP fell by an annualised 32.9% over the last quarter, the greatest drop in output since records began in 1947, reflecting the impact of the Coronavirus driven lockdown on the country and the world. The number of recorded Coronavirus… Read More…

The Only Way is Up! It has been a tumultuous 6 months for economies and markets. There is a high probability that the second half of the year will be similar. Coronavirus continues to affect everyone’s life, the global economy… Read More…

Global equity markets delivered another month of gains, with MSCI World returning 2.4%1 over the month. The global index has recovered almost 20% over the last 3 months and 35.6% since the start of the rebound on 23 March. After… Read More…

Bouncin’ Back Whilst much of the western world has seen a reduction in Covid-19 infections over recent weeks there are still countries grappling with the virus and its economic consequences. We don’t know when or if we may get a… Read More…

Most equity markets continued their recovery during May, albeit at a slower pace than April. The unprecedented amount of stimulus provided by central banks and governments have offset the worry of declining profits, weak economic data and increasingly hostile war… Read More…

Always asking questions? As humanitarian cost of the Coronavirus continued to mount through April, the global lock down response from most countries has provided an economic shock not seen in modern times. We have all been impacted in this extremely… Read More…

It has been an exciting week in the Oil market. West Texas Intermediate (WTI) May futures went negative (-$40 per barrel) on Tuesday morning in a confluence of oversupply, falling demand and lack of storage capacity. The real issue for… Read More…

From a distance As we all adjust to new ways of living and working, the spread of the Covid-19 has impacted people’s health, businesses and markets around the globe. The scale and reach of the virus is unprecedented and it… Read More…

March has been the one of the most volatile months in markets ever. The speed and magnitude of the daily swings in equity, fixed income and commodity markets over the period has been extraordinary. The VIX, a measure of volatility… Read More…

Over the last few days we have spoken to a number of fund managers to get their views on the events of the last few weeks. Some of the key observations are summarised in the article below.

Don’t stop thinking about tomorrow Global equity markets fell sharply at the end of February as the impact of the rapid spread of the Coronavirus (Covid-19) became apparent. As at 19 March there are over 200,000 confirmed cases, of which… Read More…

Always had a vision, always had high, high hopes Financial markets entered 2020 with optimism. Geopolitical tensions had eased and there were tentative signs of a manufacturing pickup in activity that had plagued the sector and hampered the global economy… Read More…

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…