Tariffs take centre stage again The U.S. stock market lost momentum in early August, retreating slightly from July’s all-time highs as investors grappled with renewed tariff uncertainty. President Trump announced that the “blanket tariff” proposal remains under consideration, despite widespread criticism from business leaders. Markets initially shrugged off the rhetoric, but volatility picked up after [...]
The U.S. stock market has risen by over 25% since the 8th April, reaching a new all-time high. The rally began when President Trump announced a deferral of the tariffs he had introduced on the 2nd April. However, the significance of this move seems to have been lost on President Trump, who remarked that he [...]
It’s been an eventful few weeks. In the last few hours while writing this, it seems a tenuous ceasefire has been agreed with Israel and Iran. After 10 days of tit for tat missile and rocket exchanges, the oil price surged by $10 a barrel, however, it started to drop almost immediately. The US got [...]
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 [...]
