MARKET UPDATE – DECEMBER 2024

MARKET UPDATE – DECEMBER 2024

US EQUITIES AND CRYPTO ASSETS SURGE ON TRUMP VICTORY US equity markets continued to rally in November, with the S&P 500 posting its strongest monthly performance this year, gaining 5.7% and surpassing the 6,000 index level. The rally was fuelled by several...
MARKET UPDATE – NOVEMBER 2024

MARKET UPDATE – NOVEMBER 2024

EQUITY AND BOND MARKETS DROP ON US ELECTION JITTERS Stock markets retreated in the second half of October in anticipation of the US elections. In the closing days of the month, the decline was exacerbated by earnings disappointments from...
MARKET UPDATE – OCTOBER 2024

MARKET UPDATE – OCTOBER 2024

VOLATILE THIRD QUARTER ENDS WITH BOOST FROM US INTEREST RATE CUT AND CHINA STIMULUS The third quarter ended positively for both equity and bond markets. The heightened volatility of early August – due to fears of a US recession, the unwinding of the yen carry trade...
MARKET UPDATE – AUGUST 2024

MARKET UPDATE – AUGUST 2024

VALUATION CONCERN BRINGS PROFIT-TAKING IN TECH LEADERS The tide turned for the Magnificent Seven stocks during July as a disappointing start to the tech stock earnings season saw Alphabet, Tesla, and Microsoft share prices slide. This prompted the Nasdaq to fall 10%...
MARKET UPDATE – JULY 2024

MARKET UPDATE – JULY 2024

A MIXED QUARTER FOR MARKETS AS RATE CUTS HOPES RECEDE The second quarter was mixed for financial markets. Inflation during the first quarter proved concerningly sticky, and markets factored in a higher-for-longer inflation and interest rate outlook, which saw both...
MARKET UPDATE – JUNE 2024

MARKET UPDATE – JUNE 2024

MARKETS MIXED WITH INVESTORS WAITING ON INTEREST RATE CUTS May was a mixed month for stock markets. Hopes prevailed earlier this year that inflation would already have fallen convincingly enough by now to have paved the way for interest rate cuts in the US. As the...