Quarterly Investment Commentary
This is where we will keep you up to date regarding our Investment Commentary’s.
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Q2 Investment Update – Magnificent Seven
Sticky inflation, rising interest rates, bank failures, an attempted coup in Russia, the US narrowly avoiding default by a matter of days and an ongoing cost of living crisis. You’d be forgiven for thinking…
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Q1 Investment Update – Banks again
2023 got off to a better start than 2022 and was looking likely to correct some of the previous year’s losses. We have long said that markets tend to overshoot on the downside as…
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Q4 Investment Update – The worst of times
2022 was not the worse year for shares but it was the worst year for bonds and it was the worst year for shares and bonds combined since records began in 1871. This is…
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Q3 Investment Update – Dark Carnival
This update strives to be apolitical. We do though, have a view on markets and it turns out that markets have a view on UK politics. Quarter 3 of 2022 looked very much like…
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Q2 Investment Update – Rising Tide
John F. Kennedy once said “a rising tide raises all boats”, he didn’t have you in mind when he said it, but it is true that the last decade has seen investors wealth rise…
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Quarter 3 Investment Update
We have been saying for some time now that the musical ‘monetary easing’ chairs will come to an end sometime. When the music stops it is likely that investors will find that at least…
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Q1 Investment Update – Stagflation?
As we said last quarter, market returns have been extraordinary for over a decade now. Even a portfolio only 60% allocated to shares and 40% to bonds would have produced an 11.1% return each…
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Q4 Investment Update – Unbelievable
If you had asked us a year ago how much global stockmarkets would rise we wouldn’t have guessed 20%. If you had asked us five years ago, whether global stockmarkets would average 15% every…
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Q3 Investment Update – Memories of the 70s
Bare shelves, queues at the pumps, rubbish not being collected, rising inflation and the prospectof rolling brown-outs, what a time to be alive. The only plus side is that we are not having tosuffer…
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Q2 Investment Update – Inflation
The second quarter of this year was a positive one again for investors, having looked as though the cycle might turn back towards value stocks, it was the US tech giants that again outperformed.…