MARKET UPDATE – JUNE 2023
COMMODITIES, BONDS AND EQUITIES LOWER DESPITE TECH ADVANCES It was a month when this year’s acute focus on US Fed interest rate moves shifted to the possibility of a US government debt default as the debt ceiling threatened to be breached in early June. As expected,...
MARKET UPDATE – MARCH 2023
ROBUST US ECONOMY CAUSES RENEWED BOND SELL-OFF Stock markets took fright during February as US economic data came in much hotter than expected. The labour market showed continued strength while both inflation and retail sales were higher than expected. This raised the...
MARKET UPDATE – JANUARY 2023
ANNUS HORRIBILIS FOR EQUITIES AND BONDS Stock markets ended 2022 notching up their worst year since 2008. In the US, the S&P 500 fell almost 20% and the Nasdaq ended a full one-third lower while in Europe most indices registered double-digit declines. The large...
MARKET UPDATE – NOVEMBER 2022
UK POLITICS TAKES CENTRE STAGE Markets remained volatile during October and generally in bear market territory. Central banks are still vocally hawkish though a growing number of investors seem optimistic that the pace and extent of rate rises will be less dramatic...

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