News and Analysis

PORT IN STORM: Equities of the most economically sensitive US sectors, from financials to consumer discretionary, have lagged traditional defensives, like healthcare and staples,...

FEARS: Market uncertainty is running high, but just how much? Geopolitical fears have eased from the spike around Russia’s Ukraine invasion (see chart). But been replaced by...

The global semiconductor shortage, which began during the early stages of the COVID-19 pandemic, has caused an enormous amount of supply chain disruption in recent years....

CHANGED TIMES: Time was when countries cut interest rates to weaken currencies and steal a growth march on others. This has now flipped. The 20% stronger US dollar DXY index this...

STORM: Equity markets hit new lows for this bear market, with recession risks in the driving seat. After the Fed set out a vision of ever ‘higher-for-longer’ interest rates to...

Summary ESG investment trends buck the bear market Environmental, social, and governance issues are now mainstream, and bucking the bear market. Sustainable funds saw $120...

RECESSIONS: US recession risks were rising even before the latest FOMC meeting and ‘dot plot’ guidance made it all but inevitable. The NY Fed recession probability indicator is at...

STAGFLATION: UK has been in the eye-of-the-storm this year. With some of world’s highest inflation after triple-whammy of soaring energy costs, very tight jobs market, and...

DIVERGENCE: Oil equities have been resilient to falling oil prices, given their cheap valuations and with current prices still well over four times the average production cost....

CONGRESS: The five-yearly Communist Party Congress starts October 16. This 20th Congress is set to give President Xi an unprecedented third term and lay out their future policy...