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92 entries
business man looking out of window
The age-old debate about active versus passive investing persists – the former involving buying and selling shares with the aim of outperforming the market and the latter,– where index funds and exchange-traded funds (ETFs) track a specific index by buying and holding assets.
Car plugged in charging
China and Europe’s deep economic ties deteriorated when Russia invaded Ukraine in early 2022, and relations face further pressure as China strengthens its foothold in the global electric vehicle market, which is cannibalising Europe’s own EV sector.
old fashioned car in the City
“History doesn’t repeat itself, but it often rhymes.” This phrase, often attributed to American writer Mark Twain, is frequently used by those in the financial industry who caution about relying on history too readily for future forecasting.
sold board in front of house
When discussing central bank policy, it is crucial to not only look at interest rates, but to understand their effect on broader financial conditions. This ambiguous term encompasses the availability of credit, stock market performance, exchange rates and commodity prices.
hands in the air voting
Market View

Setting the tone

Coming off a multi-year rapid interest rate hiking cycle, we are now transitioning to an environment where setting the tone is key. This will help households and businesses make economic decisions based on future interest rate expectations. As such, central bankers are exceedingly careful about what they say, given the importance of their tone and language.
American vote sticker
Market View

Déjà vu

In the movie industry, most popular franchises have sequels. It’s a simple way for studios to bring beloved characters back to an already engaged audience.
federal reserve building
This week, we take a step back to look at the various stages of interest rate hiking cycles. The first stage occurs when central banks communicate their desire to begin raising interest rates. The speed and extent of the rate hiking cycle makes up the second stage, followed by stage three, where rates ultimately end up.
stock market screen
Equity and bond markets posted strong rallies over the final three months of the year, marking a turnaround from the three previous disappointing quarters.
stock exchange graph
Market View

More than words

Coming into this week, the expectation was for central banks not to upset the apple cart. Liquidity dries up in December, so sending strong messages that could potentially rock markets are not high on central banks’ to-do lists.
buildings, american flag, blue skies
Over the summer and early autumn, the strength of the US economy in the face of the fastest rate hiking cycle in decades surprised market participants. The closely watched spread between two and ten-year Treasuries was the most inverted since the 1980’s at the end of the second quarter.

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