Friday 11th November 2022 Risk appetite has roared back with a bang and the Thursday just gone was one of the best 24 hours for financial assets in recent memory. The S&P 500 Index and the NASDAQ Composite Index rose +5.5% and +7.4% respectively, while the MSCI All Country World Index (a broad me...
Friday 28th October 2022 Markets moved last week to the familiar tune of macro factors – above all, anticipation of what notes major central banks would strike at their upcoming meetings. While a fourth consecutive 75bp hike is fully priced in for next week’s meeting of the Fed’s Open Marke...
Friday 14th October, 2022 The rollercoaster ride that has been 2022 so far has showed no signs of slowing down as we have moved into the final quarter of the year. Indeed, the S&P 500 rallied an impressive +5.7% over the first couple of days of October – its largest two-day rally since the shar...
Friday 30th September, 2022 It has been another tumultuous fortnight for markets, with downward moves showing red across the screens. The themes driving investor angst remain much the same as discussed in many of our recent newsletters: rising interest rates, stubborn inflation, recessionary clou...
Friday 16th September, 2022 It has been a bumpy ride for global markets since our last newsletter, with significant swings across most liquid markets (equities, bonds, interest rates, commodities, and currencies). The two-week period has been notably bifurcated, with an acute negative shift in se...
Friday 2nd September, 2022 Global bonds, as measured by the Bloomberg Global Aggregate TR Index, have now officially entered bear market territory for the first time in a generation. Indeed, the -20.4% decline since its 2021 peak is the biggest sell-off for this widely followed global bond index ...
Friday 19th August, 2022 Markets have continued their recent rally into the fortnight since we last wrote. Over the last two weeks, the S&P 500 has risen +3.4% (by Thursday close). Last week, the US blue-chip index sealed its fourth consecutive weekly gain – its best streak since late 2021 – ...
