Mind the money flow at quarter end
Stock markets, predictably, wobbled this week. Investors have seen great returns this quarter despite intense global risks, so now many institutional investment managers must rebalance their asset weightings back to target – by selling the assets that have done well. Rebalancing selling...
From Wars to Warsh
The deal between US and Iran, which extends the ceasefire and opens the Strait of Hormuz, is unequivocally good news for markets. Oil prices are sharply down, global stocks are up and long-term bond yields have calmed. We can be sceptical about...
Stall, correction and rebound
Equities started the week poorly but ended strong – a reversal of last week. Trading liquidity was initially tight as investors contemplated a glut of newly issued shares, most notably today’s SpaceX IPO, but liquidity returned on Friday amid good news stories....
Markets decelerate
Until Friday lunch time, it was a fairly dull week for markets. News of an Israel-Hezbollah ceasefire eased concerns but did not materially change the Middle East stalemate. As we write, though, traders are digesting a stronger than expected US employment report....