Weather forecast: Consistent clouds in our sky
Bonds, ballots, and the Elephant in the Room
Three themes have been shaping portfolios through the summer: politics; bond yields; and (inevitably) AI. The collapse of the US-Iran ceasefire has pushed oil prices higher again, but not (yet) to levels which threaten more significant disruption to global business.
Markets refuse to blink
Markets have had plenty to digest over the summer. Yet they remain remarkably resilient.
Bond yields rise in this summer markets
Amid geopolitical uncertainty, economic growth remains robust and financial markets continue to show resilience.
Japan – beyond the carry trade
Japan’s yen has weakened sharply, reviving concerns over carry-trade unwinding and global market volatility. Yet Japan’s stronger growth, rising wages, higher inflation, corporate reforms, and improving shareholder focus suggest a structural economic revival, though sustained pro
Geopolitical risk, economic resilience
Markets continue to be shaped by a range of macroeconomic, geopolitical, and policy developments.
Hot headlines, cool markets
Markets have weathered another wave of geopolitical uncertainty with surprising resilience.