And truth be told our significant others got tired of listening to us wax on about financial happenings. So this section of our site was created to play host to our predictions, musings and interpretations of what’s happening in the market.
In our last quarterly outlook, we said: The keys to Capital market performance over the balance of the year are two-fold: central banks must remain on hold, and more importantly, it’s imperative we begin to see signs of a pickup in global growth.
The phrase attributed to Mark Twain, "History may not repeat itself but it often rhymes” can certainly be used when talking about the capital markets. While not every market and economic cycle is identical, there certainly are many similarities.
Despite the fact global economic growth was clearly slowing, the US Federal Reserve (The Fed) remained very hawkish.
...we want to figure out where the economic data is heading, not where it has been.
...the fears of recession are overblown, markets are more reasonably priced and we expect a recovery and decent returns in 2019.
As the days get shorter and the temperature drops, it is time to hygge – head inside, light some candles and snuggle up. This Danish verb (pronounced WHO-guh) has no English equivalent but describes an environment where amid the warm glow of firelight one is cozy, content and connected.
...when we look back at the decade as a whole, respectable gains were made. In fact, there was an unexpected beauty in the faultiness.
Market participants had to swerve and maneuver as President Trump’s protectionist trade threats studded the road during the quarter stealing the limelight from other historic events such as the meeting of the United States and North Korea for the first time since the Korean War.
Sometimes the best time to be invested in the market is when vision is partially obscured by uncertainty.
Volatility is back! January started off very positive, however the combination of a strong US payroll report, surging bond yields and trade wars (both real and threatened) triggered a dramatic market sell-off and subsequent weekly reversals.
At the start of the year, the stock market was very strong as corporate earnings were revised upward on the back of the approval of US tax cuts.
This is positive for the global economic outlook. A revival in US business investment and housing looks bright.
2017 was an eventful year with major equity markets continually hitting new highs.
The main factor that effected portfolios in Q3 was currency. This resulted in negative attribution for USD-based assets.