Time Has Come Global markets The global equity rebound continued last week, buoyed by confirmation of a US rate cut next month by Fed chair Jerome Powell. Markets waited all week for Powell’s speech at the Jackson Hole central bank talkfest, and were not disappointed. Powell declared “the time has...
Market Trends: The tug of war continued in June The tug of war between growth and value exposures continued in June, with relative performance still broadly correlated with the movement in bond yields. Indeed, the decline in bond yields encouraged a stronger rotation back into growth/technology/quality exposures...
Market Trends: Inflation Runs Cold A pull back in global bond yields led to stronger returns for both growth and defensive assets in May. The main event over the month was a relatively more benign US consumer price inflation report – after three consecutive higher-than-expected monthly results....