Into the Unknown

Jun 24, 2025

7:07 am

• US attack on Iranian nuclear facilities adds another level of risk to markets • The reaction of oil prices will set the tone of markets with Straits of Hormuz threatened • Neither bonds or equities were over extended into this weekend’s event • The dollar and particluarly gold the early beneficiaries • From last…

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Geopolitics Reasserts Itself

Jun 17, 2025

9:42 am

• Israel Iran conflict injects more inflation into the global economy • Oil at risk of further upside wiping out the recent weakness and its benefit to asset prices • Fed is likely to signalits ongoing reluctance to cut rates • Bonds range trading – we remain short duration • UK equities make a new…

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Investment Strategy

Jun 13, 2025

12:27 pm

• U.S. trade policy has softened, but concrete deal progress is minimal. • Economic strength may weaken as front-loaded trade activity unwinds. • U.S. fiscal deficit concerns grow, intensified by the new tax bill. • Indian corporate earnings likely bottomed, poised for recovery with stronger economic activity. • Indian equities outlook cautiously optimistic, driven by…

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Diversity in Equity Sector Investing

Jun 9, 2025

6:01 am

• Tech dominated equity investing for much of the past decade, but its portfolio monopoly is fading. • A broader opportunity set is emerging, with strong interest in defence, financials, industrials, and parts of healthcare. • Defence spending is rising globally amid security concerns, while pharmaceuticals are rejoining the globalisation narrative. • May saw the…

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