Tatton Weekly

Overview: September wobbles are unsurprising Halfway through September and the positive picture of the summer months has faded with the sun. To be fair, investment returns are only marginally down for the month, and investors are still sitting on healthy cushions for the...

We are halfway through September and investors have not experienced a continuation of the positive returns picture of the summer months. This is despite COVID restrictions gradually lifting (not only in the UK) and an on-track economic recovery resulting in record numbers...

Overview: major economies ponder how to pay the bill At the beginning of last week, we noted the increasing importance of fiscal policy, and sure enough, the UK Government almost immediately delivered its own big fiscal bang. National Insurance contributions are on...

Paying for it – the major economies ponder their balance sheets Last week, we noted the increasing importance of fiscal policy, and sure enough this week the UK kicked-off the new school year with a big fiscal bang. National Insurance contributions are...

Overview: politics and policy sitting at the head of the tableEquity markets (North America and Europe) began September in an upbeat mood, but this was tempered last Friday by the disappointing jobs report. The US economy created just 235,000 jobs in August,...

Politics and policy sit at the head of the table This week has felt a bit like the whole month of August. Equity markets (North America and Europe) were in the green over the past few days, and then on Friday expressed...

Fed tapering: the ‘how’ matters more than ‘when’ Questions over when and how the US Federal Reserve (Fed) would begin tapering its monthly securities purchases has been much talked about over the last few months. But ahead of today’s keynote speech at...

Overview: Markets hit an ‘air pocket’Investors would be forgiven to think last week’s downdraft in global stock markets was in reaction to the rapid unfolding of the tragic events in Kabul, Afghanistan. However, as long-time observers of risk asset markets will attest,...

Markets hit a bit of to and fro Investors would be forgiven to think that this week’s downdraft in global stock markets was in reaction to the rapid unfolding of the tragic events in Kabul, Afghanistan. However, as long-time observers of risk...

Overview: Climbing the wall of worry – againAugust continues to be quiet, but pleasing, for investors, with US stock markets hitting new highs again. “Climbing the wall of worry” was a common phrase a few years ago that seems entirely apt now....