So we say… Thank You For the Music
From recording royalties to renewable energy infrastructure. Exploring the role alternatives can play in a diversified portfolio and the opportunities that exist beyond equity and bond markets.
UK base rate cuts to be delayed following last week’s Autumn Statement
The UK’s Autumn Statement partially relieved the upward trend in taxes. But what does that mean for interest rates? Steven Bell explains why cuts in early 2024 now seem unlikely.
Multi-Manager People’s Perspectives
It has been a busy week in the UK, with the Autumn Statement dominating the headlines, while Bank of England governor Andrew Bailey continued to reiterate his “higher for longer” messaging on interest rates.
More constructive but still cautious on equities
US Inflation has come down a long way with no discernible worsening in the labour market. This leads us to be more constructive on US equities.
With macro risks elevated it’s all about stock selection
There are plenty of macro drivers that will create equity volatility in 2024. To succeed, investors will need to maintain a resilient portfolio.
The peak in rate hikes is an inflection point for bonds
You don’t have to be bearish on the economy to be optimistic on the bond market. Here’s why.
Has the bond rally gone too far?
Despite warnings from central banks not to expect rate cuts anytime soon, Steven Bell explains why he expects the downward trend in bond yields to continue.
Multi-Manager People’s Perspectives
This week has seen financial markets driven higher by positive news on inflation from both the US and the UK, with CPI easing by more than expected on both sides of the pond.
Balancing uncertainty and optimism
The slowdown we are all expecting keeps being put off, but how severe will it be when it eventually shows up?
Inflation has fallen – what next?
The tide has turned against inflation. Steven Bell, Chief Economist EMEA, explains why he believes leading central banks will make significant cuts to interest rates in 2024.
