Market Update – September 2025
Executive Summary Fed cuts rates for the first time in 2025, easing to 4.0–4.25% as inflation moderates. U.S. tariffs face Supreme Court scrutiny, adding policy risk and market volatility. UK holds base rate at 4.0%, citing sticky inflation; QT scaled [...]
Market Update – August 2025
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 [...]
Market Update – July 2025
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 [...]
Market Update – June 2025
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 [...]
Market Update May 2025
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 [...]
Market Update April 2025
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 [...]