The first quarter of 2025 has not been kind to investors. Indeed, we have just come through the worst quarter and month (March) for US equities since the start of the COVID-19 pandemic. Both the S&P 500 and Nasdaq Composites entered official correction territory in March as markets digested the possible impact of US President…
With wars raging in Ukraine and the Middle East, as well as elections in countries homing around four billion people, 2024 was always expected to be turbulent. With this in mind and following a 26% recovery for the S&P 500 in 2023, we, and most economists, started the year with relatively modest expectations in terms…
It has certainly been an action-packed quarter for the markets, spanning a correction for tech stocks at the end of July and into the flash crash in early August, and then a strong recovery in August and again in September. Overall, investors have every reason to be pleased with where the three months to 30…
Investors have reason to be pleased with the market performance in the second quarter of 2024, with even a delay in the start of the Fed’s interest rate loosening cycle failing to dampen performance. After a robust first quarter followed by April’s relatively sharp correction, May and June saw a resumption of the upward trajectory…
Following the barnstorming performance of global equities markets in 2023, the bull run continued throughout the first quarter of this year. Investors have embraced global returns, with the S&P 500 ending Q1 2024 up 10.56%, and the MSCI World gaining just over 9%. Markets remained buoyant on expectations that a soft landing lay ahead for…
In our first newsletter of 2023, we set out our expectation for “markets to grind higher during 2023 and recover a meaningful portion of 2022’s losses”. This forecast turned out to be accurate, with equities rallying strongly in response to signs that global inflation had abated and that the interest rate tightening cycle had reached its…
After a positive first and second quarter which saw the S&P500 gain nearly 17%, the third quarter of 2023 reflects markets that are pricing in a different version of reality. The bullish sentiment of the first six months of the year faded in the wake of a sharply negative September, which followed a sell-off in early…
Building on their continued strong recovery in the first quarter of 2023, global equities maintained their momentum in the second quarter. The MSCI World Index climbed 7%, the S&P 500 was up 8.74% and the Nasdaq 100 rose 15.16% for the quarter – bringing total gains for first half of 2023 to 15.43% for the…
With higher interest rates and tighter monetary policy dampening confidence throughout 2022, major indices ended a turbulent year in negative territory, despite the fact that markets bounced back strongly in the fourth quarter. That recovery has continued into the first quarter of 2023 with a 7.5% increase in the S&P 500, a 16.8% surge in…
