Tributes paid to one of Manchester’s best known financial advisers

May 28th, 2020, by Phil Bennett

Tributes have been paid to veteran financial adviser Alan Torevell who passed away on 20 May aged 83. Mr Torevell launched Torevell Mahon & Co, one of the first independent financial advisory firms in Manchester in 1973. Prior to that… 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…

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…

Market Monitor – Aug 2020

September 2nd, 2020, by Chris Davis

August is traditionally a more muted period for markets, however global equities rose 6.3% over the month despite mixed global economic data. US, Japan and China equity markets rose strongly. The Coronavirus surge in certain states in the US appears… Read More…

Economic Commentary – Aug 2020

August 12th, 2020, by Chris Davis

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…

Market Monitor – July 2020

August 5th, 2020, by Chris Davis

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…