After a difficult September, investors enjoyed a respite from the grueling downturn in the capital markets. Global stocks surged on a wave of optimism as investors absorbed third quarter corporate earnings and hoped that the Federal Reserve and other central banks would slow the pace of monetary tightening. Fixed income again created headaches for investors as interest rates continued their upward trajectory. The yield curve remained inverted with short-term rates higher than long-term rates, a recessionary signal that has led to a rush of new money into cash and short-term fixed income.


December 8, 2023

· If U.S. investors were feeling anxious about global events it was difficult to detect, as big rallies in U.S....

November 8, 2023

· U.S. economy delivered strong growth in Q3 2023, in sharp contrast to Europe, Japan and China. · Unemployment remains...

October 16, 2023

Takeaways Global economic growth has remained resilient during this rate hiking Near term growth, although moderate, is now trending towards...