Week in review: Home comforts

Global equity markets continued to rally, with the FTSE 100 up 0.57% and the S&P 500 up 0.46% by Thursday’s close. Familiar themes – the ‘Trump trade’, Brexit and the Eurozone’s problems – rumbled on…

What a Difference a Year Makes

Alex Scott, Deputy Chief Investment Officer. 10 February 2017. What a difference a year makes! A year ago, investors were in panic mode, still battered by the shock of the Chinese devaluation in August and…

Value: The beginning of a New Era?

2016 is obviously going to be remembered as a year of great change from a political point of view, but it also could go down as the end of the great bond bull market, which…

Searching for the Next Decent Trade

It seems like each week so far in 2017 we have been looking at different variations of the Trump reflation trade, and questioning whether the evidence backs a continuation, or a reversal. Frustratingly, it’s been…

Reflective Calm or Sleepwalking in a Minefield?

For years, markets have been becalmed by the soothing remedies handed out by central banks at the first sign of trouble. And for years, many (ourselves included) have warned that there must be unintended consequences…

A Pause for Breath – But Inflation is Still Coming

Alex Scott, Deputy Chief Investment Officer. 24 January 2017. Investors have been sensing hints of inflation since the summer. With Trump’s election win in November, those hints became much less subtle. The US economy, already…

On The Eve of Change

Donald Trump held his first press conference since the election last week. Just in case there was any doubt, we think the style and the substance tell us that change is coming; potentially big changes.…

AIC fund manager poll: The American Dream in 2017?

The AIC has issued the results from its 2016 fund manager poll. The Association of Investment Companies’ (AIC) annual fund manager survey finds managers more optimistic on the outlook for equities than a year ago,…

The Year Ahead 2017

January 2017. Our positive economic outlook for 2016 was pretty much correct and, at the end of the year, it looks as if markets reflected that growth with almost all major equity indices in positive…

A review of 2016: A test of endurance…

2016 is certainly a year that will go down in the history books – for both the right and wrong reasons. Apart from a swathe of celebrity deaths, we’ve had Brexit, the still surreal rise…