Macro and Markets Review for July 2024

Aug 5, 2024

9:07 am

As we turned into the year’s second half, the markets finally saw more consistent news of better-behaved inflation. With inflation falling closer to central bank targets, some started to signal that they were at or much closer to the point of cutting interest rates. By the end of July and adding in the first day…

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A Tale of Three Central Banks

Jul 30, 2024

6:19 am

• Fed, BoJ and the UK MPC meet this week with all meetings having scope surprise • The Fed seems likely to leave rates unchanged but to give a clearer direction that the scope for rate cuts is opening up • The BoJ and UK MPC have an opportunity to change rates in keeping with…

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Volatility Spikes on The Twists and Turns of Geopolitics

Jul 23, 2024

6:52 am

• US Presidential election twists and turns are centre stage of a further rise in market geopolitical concerns • President Biden’s decision to stand down may help to dampen some of the more extreme alarm about a Trump Presidency • Rising/stubbornly high long term US interest rates indicate market concern about the long term US…

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Portfolio Commentary

Jul 18, 2024

8:31 am

Quarterly Roundup • The markets kept crawling up during the quarter amid heightened volatility around the general elections. • If the earnings continue to grow, there shouldn’t be a significant threat to long-term equity returns. • The granular election results don’t look so favourable for the current dispensation, which went quite confidently into the elections…

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