Market Movements – January 2019

Market Movements – January 2019

This time last year equity markets were reaching new all-time highs and the mood was bullish. For those that can remember, this was also around the peak of the Bitcoin bubble with the price around $14,000.   Fast forward to now, and most equity markets are down c.10%...
Market Movements – October 2018

Market Movements – October 2018

By the end of last week almost all equity markets finished lower than they started, some significantly so. When this happens, it is natural to want to understand the reason or cause. Has the output of the global economy significantly changed? What about unemployment...
Has the Easy Money Been Made?

Has the Easy Money Been Made?

It’s clear that the longer this bull market carries on the more investors will worry about the next downturn or correction. These worries are usually accompanied with big headline predictions about what will happen, when it will happen and why it will happen. As we’ve...
Bonds and Rising Rates

Bonds and Rising Rates

We are starting to see signs that the Bank of England (BoE) and European Central Bank (ECB) might attempt to raise interest rates following years of accommodative monetary policy. In the US, the Federal Reserve (Fed) has been raising rates slowly since 2015 including...
Reaching for Yield

Reaching for Yield

“More money has been lost reaching for yield than at the point of a gun.” Raymond DeVoe Jr, Wall Street Analyst Since the Financial Crisis, global monetary policy has driven interest rates lower forcing the price of other income-generating assets higher. This has in...