MARKET COMMENTARY
2020-Q1-market-note-hero

Quarterly Commentary Spring 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.

20200127-HRL-2019-Q4-Commentary

Quarterly Commentary Winter 2019

The US-China trade war, low interest rates, taxing US tech giants… Read all about it in our newly released quarterly commentary – including how the year-end snowy heights came straight at equity investors in a truly monster Santa Rally.

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Quarterly Commentary Autumn 2019

Brexit, HK, Middle East, Trade Wars: Markets are being better behaved than the politicians.

2019-Q2-market-note-hero

Quarterly Commentary Summer 2019

More than the weather is heating up. The EU’s threat to Swiss independence makes China’s view on Hong Kong look benign, while Iran’s militarized response to US pressure and the US-China Trade War are moving even Brexit off the front page. The US bull market is now at an all-time high.

2019-Q1-market-note-hero

Quarterly Commentary Spring 2019

The Fed Chair, Jerome Powell, was expected to be more pragmatic than his predecessors Janet Yellen and Ben Bernanke. He was leading the way by delivering four rate hikes in his eleven-month tenure. Enter the December 2018 sell-off.

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