Markets give thanks to central banks
Capital markets had a good week. Stocks and bonds gained virtually everywhere – particularly small and mid-cap companies. The most obvious rationale for this rally is a growing expectation of interest rate cuts, but we suspect this is just part of investors’...
Ripe for a rotation
Another topsy-turvy week ends with more volatility and lower markets. Stocks were boosted midweek, after investor darling Nvidia reported even better than optimistically expected corporate earnings growth for the previous and current quarters – a rejoinder to the crescendo of ‘AI bubble’...
Open and shut
Stock markets rallied in the early part of this week, but sold off on Thursday and into Friday. At the time of writing, we are at or even below last Friday’s levels in most major markets. The lacklustre performance might seem a...
Liquidity, actually
After a pleasingly strong October, it was a tough first week of November in capital markets. Stocks sold off 2-3% virtually everywhere, and the biggest tech stocks were particularly vulnerable. Media commentary put this down to valuation vertigo – investors doubting whether...