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Market Commentary August 2024

Market Commentary August 2024

‘Markets take the stairs up… and the elevator down.’ Volatility is back with Japan equities at the front and centre: Japan was down 12% on 5 August, the largest down...
Market Commentary July 2024

Market Commentary July 2024

Global equity markets had a robust first half, with US equity gains surpassing even optimistic expectations. Economic growth remains positive, offering fundamental support for markets in the second half.
Market Commentary June 2024

Market Commentary June 2024

Mr. Market has been particularly schizophrenic in the past 12 months: Fed expectations have swung from 6 (interest rate) cuts to 2 cuts, back to 6 cuts, and then 1.5...
Market Commentary May 2024

Market Commentary May 2024

After a relatively stable Q1, which saw equities climb on the back of the economy’s resilience, April saw fresh bouts of volatility.
Market Commentary April 2024

Market Commentary April 2024

The year started with a volatile January, followed by gains starting in February as investors shook off their prior concerns.
Market Commentary March 2024

Market Commentary March 2024

Rather than just looking at February’s performance, an analysis of returns since end-2023 provides a glimpse of what to expect after the era of cheap money.