Summary If the onset of tariffs was a major headwind for the markets, then the easing of them should be seen as a tailwind. Globalisation allows countries to specialise in activities in which they have a comparative advantage; doing so increases global economic growth, allowing each country a larger individual share of that growth. With [...]
This month written by Tom Day. Summary April has been a turbulent month for global financial markets, largely due to President Trump's aggressive tariff policies. His administration imposed sweeping tariffs on imports from most countries, triggering sharp declines in stock markets worldwide and raising fears of a global recession. The measures announced were very much [...]
This month, written by Tom Day. Summary Markets all over the globe have been experiencing a mix of volatility and recovery in recent months, influenced by various economic and geopolitical factors. In the United States, the S&P 500 and Nasdaq indices have been particularly volatile, influenced by President Trump’s new tariffs, as well as ongoing [...]
Andrew’s Views (Market Update) The start of 2025 has seen last year’s slow equity finishers making the early running. Notably, European equities have performed well following a tough 2024. They were perceived as victims of President Trump’s interventionist economic trade policy and as such, they were unloved and under-owned, but have bounced back firmly. Like [...]
Andrew’s Views The final quarter of 2024 was marked by developments in many parts of the world, with the highly polarising US Presidential elections, following on the heels of the UK’s highly anticipated Autumn Budget. Throughout the last three months of 2024 we saw a shift in many global economic conditions, with the direction of [...]
Andrew’s Views Last week was Thanksgiving weekend in the U.S. This important holiday tends to bring a gentle slowdown in activity. American markets were closed on Thursday 28th November and had a shorter trading day on Friday, allowing many investors to take a long weekend. The week was relatively quiet for markets due to the [...]
US Global equities reached a new high last Monday, before cooling a little throughout the week. This is an appropriate time for the post-election euphoria to cool and for some details of the new regime to emerge, despite President-elect Donald Trump not taking office until 20 January. Last week saw confirmation that both houses of [...]
Andrew’s Views ‘But’ Economies throughout the world are doing well at the moment. News last week regarding US jobs data was significantly better than expected meaning that the chance of a recession is becoming less and less likely. China’s fiscal stimulus is having the desired effect with Chinese equities rising 20% at one point. Economists [...]
Andrew’s Views (Market Update) It’s all about Nvidia Last week was supposed to be all about Nvidia’s earnings results, which took place just after the U.S. market closed on Wednesday. Many analysts described the release as one of the most important corporate results in history, even perceived by some as more influential than last week’s [...]
Andrew’s Views Things had been going very well during July, and I had written a very different market update, and then on the very last day of the month we saw some huge falls across the world. Whilst most of the volatility has calmed and the losses mostly clawed back, Japan saw the largest falls. [...]
