Market Commentary
15 February 2022
Red-hot inflation going into 2022 has pulled forward the Fed’s timetable for tightening, just as a surge in Omicron cases threatens to hit growth. How will markets react to rate hikes in the year ahead?
28 October 2021
Shipping bottlenecks and strained supply chains contributed to a spike in prices during Q3. Will hawkish central bankers end the party for stock and bond investors, or might such fears turn out to be ‘transitory’, as well?
22 July 2021
Global economic rebound from the pandemic sent stocks, bonds, and commodities soaring in the second quarter. Could a big jump in prices and the prospect of rising rates put a year-long rally at risk?
21 April 2021
Vaccine rollouts and improving sentiment have prompted market rotation to start the year. With stretched stock valuations, turbulent bond markets, and flashes of inflation, how will reopening and recovery play out?
18 January 2021
In 2020, a black swan disrupted the global economy, pushed macroeconomic policy to extremes, and spurred a growth rally that saw amateur investors handily beating the pros. How do markets sit as we enter a new year?
9 December 2020
As we hurtle through the final quarter of a very strange year, how are surging cases of COVID-19, rising political uncertainty, and major shifts in economic policy impacting investors and markets?
20 July 2020
Markets have staged a remarkable recovery since their March lows. Now all eyes are on the global economy to catch up. With the virus under control and borders reopened last month, Europe should see economic activity pick up.
17 May 2020
What will the post COVID-19 world look like? Pre-pandemic trends combined with large fiscal stimuli, increasing efficiency by working from home and many other factors will shape what changes lie ahead.
Quarterly Commentary Spring 2022