RHETORIC, REALITY

A Donald Trump Presidency feels a bit like a defining moment. But, from a macroeconomic perspective, I have my doubts that the US is headed in an entirely new direction. A ‘TrumpQuake’ might have accelerated the collapse of the status quo, but the fault lines were...

October Market Commentary

September was the month when nothing much happened on the world’s stock markets. Three of the 11 major markets on which we report were up, three were unchanged and five were down – but none of them by very much. The UK led the way, albeit only up 2%, while Japan and...