by Oussama Himani | May 2, 2022 | Markets |
CIO Office Market Update The war in Ukraine continues, with little visibility on its likely duration and outcome. Economic policy uncertainties have started to decline, while uncertainty regarding economic outcomes has increased. It is now clear that sanctions imposed...
by Paul Hoenck | Apr 4, 2022 | Markets |
In short: The invasion of Ukraine continues, as markets adjust to a heightened level of uncertainty China lockdowns dampen the energy demand outlook The bond market is beginning to price in a Fed policy error As Russia’s invasion of Ukraine enters its sixth week,...
by Paul Hoenck | Mar 1, 2022 | Markets |
In short: · Russia invades Ukraine, introducing more uncertainty to markets · Fourth quarter ‘21 earnings are strong, but momentum is fading In what came as a shock to many, Russia launched a full-scale invasion of Ukraine this month. Markets had...
by Paul Hoenck | Jan 28, 2022 | Markets |
In short: · A tough start to 2022 for equities, as real yields rise · In most other markets, things are calmer · The Fed outlines the process of tightening policy in 2022 What started as a sell-off in high-flying innovation stocks has evolved...
by Oussama Himani | Dec 21, 2021 | Markets |
Looking back at 2021, markets have performed as a textbook case study of an economic recovery. Equities performed strongly as valuations improved with strong earnings. Fixed income assets performed poorly as yields rose from very depressed levels. But there was...
by Paul Hoenck | Nov 29, 2021 | Markets |
This note was written on 25 November 2021, before the Omicron variant was reported on widely. In short: · Inflation reaches 30-year highs, but has been a complex and evolving process · The Fed’s asset purchase tapering looks likely to be accelerated...
