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Investment Commentary

Biweekly Investment Bulletins

Coronavirus, Lockdowns and Stock Markets in Simple Numbers

Trying to get a handle on the economic numbers during this global pandemic is like trying to keep your focus on 20 different grains of sand whilst running along a beach. It all seems rather blurry, both the tiny details and the huge scale of it all are overwhelming, and never mind all that - you have enough to worry about just keeping going.

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Coronavirus – Impact on your Finances

When asked what we do as Financial Advisers, I occasionally explain that it is an ugly business - we deal with tax, death, disease and deferred gratification (we save tax, arrange life cover, disability cover and long-term investments).

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Stock Markets and the Electoral Cycle

There is a theory that stock markets react predictably to progress in elections. Usually, newly elected parties tackle the more painful issues early in their term in power, perhaps making cuts to spending and laying the ground for longer term policies.

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Monthly Market Commentary

September Market Commentary

August used to be known as the ‘silly season’ – a phrase coined by the Times in 1861 to describe the lack of news in August and early September when parliament was in recess. 

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August Market Commentary

If there was one word that characterised July, it was tension. Tension between Beijing and Hong Kong, tension between China and the US, and tension between China and the UK over Huawei.

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July Market Commentary

Looking back to the start of last month, June began optimistically as the Space X astronauts reached the International Space Station and ended on an even more upbeat note as Boris Johnson launched a ‘new deal’ for Britain and declared: “This is the moment to be ambitious.”

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Market Updates

Market Map

Emerging Markets

Investors hope for trade resolution at G20

Emerging markets generally performed more strongly than the broader global equity market during November, boosted by hopes that the US and China might resolve their ongoing trade dispute at the G20 summit in Buenos Aires, and by indications from the Federal Reserve that US interest rates are current...

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China accuses US of "trade bullyism"

The trade war between the US and China continued to escalate during September. Following the US’s imposition of levies on US$200 billion-worth of Chinese products, China announced fresh trade tariffs on US$60 billion-worth of US products. In a bid to restore market confidence towards Argentina, the...

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No winners in a global trade war

During July, President Donald Trump imposed US$34 billion in tariffs on Chinese goods, prompting China to respond with US$34 billion of levies on US imports. The US announced plans to implement a further US$200 billion-worth of tariffs in September. China’s monthly trade surplus with the US climbed...

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Bond Markets

Brexit: decision time

UK government bonds and the pound remained hostages to Brexit in November as the UK finally agreed a Brexit deal with the EU. Although the agreement was backed by the Cabinet, it is doubtful whether it will manage to clear a vote in the House of Commons on 11 December and the EU has confirmed that i...

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Brexit enters the last six months

Gilt yields rose during September as the Brexit negotiation process moved towards its final six months and a summit in Salzburg ended without a deal. The IMF concluded its annual assessment of the UK economy and warned that, although all possible Brexit outcomes are likely to incur costs for the UK...

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Trade fears stoke bond yields

Global bond yields generally rose during July as escalating trade tensions undermined investors’ confidence. Nevertheless, despite concerns over the possible impact of the deepening trade wars, Federal Reserve (Fed) Chairman Jay Powell remains optimistic towards the economic prospects of the US...

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