11 November 2019 Easy monetary conditions have fueled the global equity index to an all-time high. Looking forward, key market risks centre on the likelihood of a 2020 global recession, the possibilty of a trade deal between the United States and China, and political risks, especially as US and UK voters go to the polls. [...]
2 May 2019 The sharp decline in equity markets during Q4 2018, reflected the likelihood that global economic activity would decelerate in 2019. Some commentators went even further, coining a new phrase, and posing the question of whether a "Japanification" of the global economy was taking place. That is, even a decade after the Global [...]
17 April 2019 In our 2019 Global Strategy blog entitled "Turning (Even More) Defensive" (published in September 2018), we outlined the broad macro themes we expected to drive financial markets. Given the sharp market swings that have occurred since last Autumn, I thought it would be worthwhile to review these themes in light of subsequent [...]
21 March 2019 At its March meeting, the US Federal Reserve signaled it would keep interest rates unchanged in 2019. In a similar fashion, the European Central Bank (ECB) at its recent gathering signaled interest rate hikes will be delayed until next year, and additional monetary support was forthcoming. But, that's not the end of [...]