Synopsis of Q1 2018 Too far too fast; In the first four weeks of the year the S&P 500 was already up by 6% and this was following 2017 where it had risen by 25%. This move saw historical valuation metrics being stretched. The technical correction; We wrote at the time, the catalyst for early February’s correction was inflationary data…
On Wednesday evening our Head of Investment Management Alastair McCaig joined Bloomberg anchor Jonathan Ferro to discuss the latest developments in the Trump administrations trade war with China, they also chatted about possible changes to Deutsche banks management structure, the bond markets and how equities were behaving. Click here to listen to the interview on Bloomberg.
Synopsis of the week Comments from politicians rather than economic data is once again driving the markets as worries over the tussle between the US and China over trade tariffs have knocked investor confidence. As expected, Fed Chairman Jerome Powell announced a 25 basis point interest rate rise in the US taking rates up to 1.75%. The major US equity…
On Wednesday evening our Head of Investment Management Alastair McCaig joined Bloomberg anchor Jonathan Ferro to discuss the US Fed’s interest rate decision, Deutsche Banks market update and Facebook’s issues with data breach and share price collapse. Click here to listen to the interview on Bloomberg.
Synopsis of the week The Swiss National Bank confirmed they remain poised to use currency intervention should any strength in the Swiss Franc materialize. ECB rate rise remains some way off as President Mario Draghi confirms they will only start when we are “well past” the end of the current Quantitative Easing scheme. Relations between Russia and the UK…
On Wednesday evening our Director of Investment Management Alastair McCaig joined Bloomberg anchor Jonathan Ferro and Tim Craighead, Senior European Strategist for Bloomberg Intelligence, about Theresa May taking diplomatic action against Russia, comments from ECB President Mario Draghi, and China’s trade tensions with the U.S. Click here to listen to the interview on Bloomberg.
On Monday 13th March Alastair McCaig our Head of Investment Management joined Martina Fuchs on CNN Money Switzerland where he chatted about the current market conditions, expectations for interest rate increases in the US, Chinese banks and what to expect from the Swiss National Bank later in the week. To view the interview on CNN Money Switzerland please click here.
Synopsis of the week The last remaining moderate member of President Trump’s cabinet Gary Cohn has resigned over the US implementation of Steel & Aluminium tariffs. The ECB has removed the option of increasing or extending the current Quantitative Easing scheme and have raised growth expectations for 2018. Fridays impressive US Non-farm payroll figures certainly helped the markets end…
On Wednesday 7th March Fern Wealth Head of Investment Management Alastair McCaig spoke with Bloomberg anchor Jonathan Ferro and FX and Rates Strategist Richard Jones. On this week’s show, they discussed the departure of US President Donald Trumps chief economic advisor Gary Cohn, US Treasury markets and the possibility of US Chinese trade wars. Click here to listen to the…
Synopsis of the week Last week saw markets continue to behave erratically as traders weighed Trump policy news and rising rate expectations against increasingly impressive economic data releases. New FED chairman Jerome Powell delivered a strongly upbeat message on the state of the US economy seeing FX traders speculate that we might see four and not three interest rate rises…
