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Cutting through the Noise

Oct 5, 2020

Covid continues to dominate headlines and mind space for most of us albeit in different ways. India continues to tread towards full unlocking, and we may have bent the curve. The US is also reporting fewer fatalities, although the focus is now on the convalescing the President and the first lady. Europe despite being firmly…

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Slippage in September

Sep 28, 2020

• US equities continue to slip from their highs. • Economists cut GDP forecasts as fiscal stimulus wanes – but governments may be forced back into action. • Insider selling by US corporate management shows companies may be unnerved • US financial sector looks by and large strong enough to cope with the economic challenges…

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Communism Outpacing Democracy

Sep 21, 2020

• US political uproar masks a loss of economic momentum allowing Chinese assets to take the lead • The Fed confirms lower for longer …maybe much longer • Better than expect Chinese economic data compares with some disappointments in the US • Don’t get carried away with the outperformance of value over growth in the…

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The Storm before the Calm, or the Calm before the Storm?

Sep 14, 2020

• Brexit negotiations take a turn for the worse – sterling still at near term risk • UK and EU may take it all the way to the wire before agreeing to a compromise • Policymakers in main economic blocs go quiet – but there is still work to be done • High Yield market…

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