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It’s the Same Strategy – Long Non-US Assets

Jun 3, 2025

6:40 am

• S&P500 has its best May in 35 years • But…. US assets still remain at risk from future high core inflation and a constrained central bank. • ECB and Asian central banks likely to cut rates to support their respective economies • We see further outperformance of ex US markets • AI – a…

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Here He Goes Again

May 28, 2025

8:03 am

• President Trump recharges the tariff challenge to the markets • US bond market fundamentals remain worrying to investors • Global growth has some positive drivers – policymakers helping in certain quarters • Smaller markets in Latin America and Europe have achieved good returns and still have some upside Trade Tensions Return President Trump’s proposed…

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Diverse Views, Common Uncertainty

May 20, 2025

7:47 am

• The US and China agree to come back from the brink, but nothing is for certain • In some quarters the US 10 year is thought to offer tremendous value, but others like us would disagree • The dollar continues to struggle to rebound • US equities rally back to where they started the…

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White Smoke or Fog?

May 14, 2025

12:45 pm

• White smoke in Rome, but fog in the global economy • Macro data reinforces Fed hesitancy in cutting policy rates • Tariff news flow but still a lack of agreements • Japanese equities back on the front foot? • India-Pakistan tensions a reflection of the times? Last week was an eventful one for the…

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