Tuesday Digest
Return of the bond vigilantes We probably should have expected some stock market pullback, after weeks of recovery. We certainly should have expected that Trump wasn’t done with tariff threats – his, now delayed until 9 July, 50% EU tariff threat hit...
Monday Digest
A rally that requires beliefUS large cap stocks have erased all of the year’s losses in dollar terms. Investors are split between ‘buy the dip’ bulls and still-sceptical bears. The former see lower volatility and rapid trade deals, and think profits will...
Monday Digest
Markets calm but trouble still bubblesDespite India-Pakistan hostilities, markets remained calm – thanks to trade deal progress and a sense that global growth will resume. Friedrich Merz’s failure to get first-round confirmation of his chancellorship was embarrassing but proved a market irrelevance...
Tuesday Digest
Markets cheer US policy stabilisation It was a good week for markets, despite a negative US Q1 GDP and mixed Mega Tech earnings reports. The GDP print caused a selloff in early Wednesday trading, but strong earnings from Meta and Microsoft precipitated...