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2026 Market Outlook

Letter 3

2025 rewarded discipline. Markets endured periods of sharp volatility and rapidly shifting narratives yet repeatedly regained their footing as the year progressed.

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Executive Summary Market review Equities stayed resilient despite a tougher backdrop. Global equities rose 1.3% in Q3, supported by resilient...

Market Commentary September 2026

August saw equity markets recover much of July’s lost ground, supported by resilient earnings and economic growth AI related segments...

Market Commentary August 2026

July was characterised by a sharp divergence within equity markets. Momentum stocks came under sustained pressure, with the month delivering...