market-commentary

MARKET COMMENTARY

Scroll Down

Q3 Macro and Markets Review

Oct 5, 2024

6:51 am

It happened – US fed funds rates finally peaked. The Fed’s sprung a small surprise and cut interest rates by 50bps against a marginal majority view that the fed would only cut rates by 25bps. The accompanying statement and dot plot showed that the market was right to anticipate further consistent cuts from future Fed…

Read More

A World of Sharp Contrasts

Oct 1, 2024

3:00 pm

• Weak US consumer confidence data brings calls for a further 50bps Fed rate cut • China reverses prudent policies and unleashes huge stimulus – equites may have further to rally • European equities struggle with policy paralysis, but are cheap • Indian equities are expensive by historical standards, but the country continues to innovate…

Read More

Now What?

Sep 24, 2024

6:40 am

• The Fed makes a good start to the rate cutting cycle, trimming rates by 50bps • The peaking of US policy rates often means trouble ahead; we hope this time is different • US inflation is certainly in abeyance but not totally beaten • Asian and emerging equity markets offer good upside as they…

Read More

The Fed’s Close Call

Sep 17, 2024

7:44 am

• We are hopeful that the Fed will deliver a 50bps rate cut, if not the market will likely be disappointed • A new Fed ‘dot plot’ should forecast a steady drop in policy rates over the coming 15 months • The Bank of Japan to signal further rate rises, but no move likely at…

Read More
Top