Well, equity markets around the world performed well again in July, continuing the strength we’ve seen in the last couple of months. There were record highs experienced in several of the major markets, and the backdrop was one of fairly robust corporate earnings, so corporate profitability, and the continuation of easing trade tensions. A key […]
May was a much better month for markets. After a rocky start to the year, confidence among consumers improved and global trade tensions, especially between the US and the EU, started to ease. Investors took this as good news and share prices around the world went up. Even the unpredictable back-and-forth on trade policy from […]
Given the choice, I’d have liked this letter to be written amid a more stable market backdrop, but of course markets are very hard to predict and impossible to control! So, what is going on in markets? What is going on right now is arguably a continuation of a much less predictable market backdrop that […]
What a start to the year it has been! February was yet another eventful month, book-ended by an announcement regarding tariffs on Canada, Mexico and China on the first day of the month and the now infamous Oval Office meeting with President Trump, Vice President Vance, and President Zelenskyy on the last day of the […]
It was a strong start to 2025 for markets, with both equities and bonds delivering broadly positive returns in January. In equity markets, we saw Europe come out of the blocks quickly (up 8.2% on the month) and outperform the US (up 3.6%). In his inauguration month, Donald Trump continued to dominate the headlines, while […]