News and Blogs
Monday digest
Overview: The resilience narrative comes under pressureIn recent times, a fall in bond yields (and therefore a rise in bond prices) would go alongside rises in equity prices, particularly the mega-cap growth consumer-related techs like Amazon, Alphabet (Google), Microsoft and Apple. However,...
The resilience narrative comes under pressure
A potentially meaningful change in correlations happened this week. In recent times, a fall in yields (and therefore a rise in bond prices) would go alongside rises in equity prices, particularly the mega-cap growth consumer-related techs like Amazon, Alphabet (Google), Microsoft and...
ESG Honestly
Is Greenhushing a worrying new trend in sustainability? As greenwashing lawsuits become more prevalent, fewer companies are advertising their sustainable impacts and even their targets. Sustainability is increasingly at the top of many investors’ priorities, but the recent trend of ‘greenhushing’ could...
Monday digest
Overview: Bond yield volatility has markets guessingWhile the human suffering in the Middle East conflict worsened, capital markets have still not meaningfully acknowledged the rising geopolitical risk, beyond the slight increase in oil prices that was already under way a week ago....
Bond yield volatility has markets guessing
While the human suffering in the Middle East conflict worsened, capital markets have still not meaningfully acknowledged the rising geopolitical risk, beyond the slight increase in oil prices that was already under way a week ago. Nevertheless, the volatility in long bond...
Bond yield volatility has markets guessing
While the human suffering in the Middle East conflict worsened as expected this week, it has not yet spread further across the region. Therefore, and as we wrote last week, markets have not particularly acknowledged the rise in geopolitical risk temperatures beyond...
Monday digest
Overview: Capital markets and warThe world took a turn for the worse last week, from a humanitarian point of view. The surprise element of the attack together with the current global economic backdrop, drew immediate parallels with the Yom Kippur War of...
Capital markets and war
This past week saw the world most certainly taken a turn for the worse from a humanitarian point of view. Pictures of the atrocities committed in the Middle East, and indeed the timing, drew immediate parallels with the Yom Kippur War of...
Monday digest
Overview: Recession fears returnThe balmy autumn temperatures have continued into October, but September’s market chill has also carried through and that is more troubling. Continuing the recent trend, last week saw a further rise in global long bond yields, despite some weakness...
Recession fears creeping back
The balmy autumn temperatures have continued into October, but the market chill that has also carried through from September is more troubling. We discuss the asset class returns of the past month and quarter in our next article. Financial markets are in...
Monday digest
Overview: Economic resistance is about to be testedSeptember is rarely a great month for investors, and last month proved no exception. Broadly, both equities and bond values declined and there is increasing sentiment that the 2023 market recovery is running out of...
Economic resilience is about to be tested
Historically September has on average not been great for investors, and as it turns out this year is no exception to that norm. Both equities and bond valuations have declined and even though equities have not materially moved up or down when...