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Equities and Gold have the Edge over Bonds

Oct 21, 2024

10:35 am

• Economists upgrade their US and China GDP forecasts • The equity markets are enjoying the growth more than bonds which fear a slowdown in monetary easing • While equities have run strongly old economy stocks have still to see upgrades to profit forecasts • Gold and Silver have theri own strong dynamics – we…

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Investment Strategy

Oct 18, 2024

7:16 am

• Much-anticipated Fed cut of 50 bps delivered. • Indian markets demonstrate resilience even as economic growth cools a bit. • Result season to increase volatility in stocks. • Portfolio management services continue to be relevant to investors, despite recent underperformance. The Fed Delivers The much-anticipated rate cut by the Fed came through in September…

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Are We Seeing Reflation?

Oct 15, 2024

9:40 am

• The urgency for US Fed fund rate cuts dissipates. • US growth and inflation data continue to surprise to the upside modestly. • The Chinese authorities tell a good story about providing support for their economy. • Should China follow through on its reflation initiatives, we expect global stock market leadership to shift to…

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No One-Way Bet

Oct 8, 2024

10:51 am

It all looked too easy: a US soft landing, lower inflation, and a compliant-with-market-wishes Fed that was seemingly prepared to deliver to the market further 50bps rate cuts. It was easy money for investors, and bonds and equities rallied. A couple of US data points later, we still have good growth, but nascent inflation worries,…

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